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PMA Capital Management Ltd (PMA), one of Asia’s leading hedge fund managers, today announced that it received a net inflow of US$150 million into new and existing investment strategies, including its flagship macro fund focusing on FX and Rates, the Harvester Fund.
PMA’s CEO Farhat Malik commented on this remarkable achievement, “We are very proud of the results that we have achieved for our investors to date, and take the inflows that we have attracted in this extremely challenging economic environment as the strongest and most rewarding endorsement of the value that we are able to deliver to our investors. We will work hard with these new funds, as we do with all funds under our management, to generate positive returns for our investors while maintaining our long-standing focus on operational excellence, total transparency, and vigilant risk management.”
PMA’s platform continues to fare well in 2009, with the Harvester Fund reporting positive results again in June, and the group recently receiving its license from the Dubai Financial Services Authority to operate in the Dubai International Financial Centre. The new PMA Middle East office will focus on providing clients with investment advisory services in the region, and positions PMA well to capture growth in this market going forward.
On May 29, 2009, the Harvester Fund was awarded "Best Asia ex-Japan Hedge Fund" by Eurekahedge's Asian Hedge Fund Awards 2009. The Harvester Fund was a...................... To view our full article Click here
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