HC Securities launches $100mln-Direct Investment Fund end 2015

Egypt-based HC Securities & Investment targets launching direct investment fund with capital worth US$ 100 million at the end of 2015, Mohamed Metwally – Deputy CEO- clarified on Monday.

Metwally told Amwal Al Ghad that the new fund comes among firm’s strategy to increase the volume of its Assets under Management (AUM), estimated at EGP 5.5 billion, by 25% within the upcoming period.

HC Securities& Investments is managing 14 investment funds the most remarkably are Misr Iran Development Bank’s (MIDB) second fund, National Bank of Egypt’s (NBE) third fund with periodical return, Suez Canal Bank’s fund with periodical return in addition to a number of financial portfolios including investors.

Moreover, Metwally added that HC Securities aims at activating the management of portfolios under management within the second half of 2015.