Acumen Holding: AUM hits EGP900 million at end-2014

Egypt-based Acumen Holding reported total volume of assets under management (AUM) worth 900 million Egyptian pounds (US$117.8 million) by end of 2014.

According to Acumen’s Managing Director Rana Adawi, the company’s local investments have seized 90% of its total AUM, versus 10% taken by its Gulf businesses.

Acumen Holding is a company that provides financial solutions and investment ideas it provides both Asset management investments and security investment.

It was established in 2010 as a first class brokerage and asset management firm in Egypt.