Five Egyptian investment banks win at MENA Fund Manager Performance Awards

Acumen Asset Management, CI Asset Management, EFG Hermes Asset Management, Rasmala Egypt Asset Management, and HC Securities received awards at the MENA Fund Manager Performance Award 2018 in Dubai. They won a total of nine awards out of 29.

Acumen Asset Management was the big Egyptian winner, clinching three awards:  “Ezdehar Islamic Fund” was named the best balanced fund, the best MENA equity fund of under $75 million, and “Misr El Khier Fund” won the best MENA equity fund of the year.

CI Capital Asset Management won the best fixed income fund award for its CIB Money Market Fund (Osoul), and the best Egypt equity fund for the CIB Egypt Equity Fund (Estithmar).

EFG Hermes Asset Management won two awards: one for the best Shariah-compliant equity fund, and one for the fixed income fund of the year for a three-year performance.

Rasmala Egypt Asset Management won for the outstanding performance, while HC Securities was named the best Egyptian asset manager.

The MENA Fund Manager Performance Awards is the largest gathering of fund managers in the region.

Judging decisions are based on performance as well as qualitative and structural criteria. MENA Fund Manager Awards recognises and rewards those fund and asset managers that have demonstrated exceptional performance and outperformed their peers over the last year.

This year’s event was attended by Franklin Templeton Investments, Lazard Gulf Limited, Charlemagne Capital, in addition to Standard & Poor’s, the world’s largest global resource for index-based concepts, data and research.

“The recognition that we have received from MENA Fund Manager is an honour. We are particularly proud to be recognised regionally among topmost-performed investment banks in Egypt for year 2017,” Rana Adawi, the Chairperson and Managing Director of Acumen Asset Management, said.

“Our strong performance is accredited to our skilled and experienced team. We look forward to continuing the progress we made in 2017 and achieve greater success throughout year 2018,” Adawi added.