Algebra Capital launched

Algebra Capital's geographic mandate extends across the Middle East, North Africa, GCC, and Emerging Asian regions (MENASIA). Algebra Capital will manage assets in private and public markets across all asset classes. Their services will be packaged as fund solutions, discretionary mandates and structured products, the firm's clients will be a mix of institutional investors and high net worth individuals

'As capital and investment flows continue to increase, both to and between Arab and Asian markets, it seems only logical that new organizations are formed to take advantage of emerging oppotunities.' said Ziad Makkawi, the Founder and the CEO of Algebra Capital.

He added 'The name Algebra associates the firm with the invaluable contribution this regional invention has had on both Eastern and Western civilizations. It also reflects the quantitative bias of the firm's investment processes. Algebra's Arabic roots imply a "joining" and "bringing" together, which is particularly relevant as it relates to investors and investment opportunities and cross-border flows into and between our target markets.'

Algebra Capital intends to capitalize on the growth in the Asset Management industry which continues to develop at a breathtaking speed, as more and more institutions enter the market, the industry's regulators allow for the build-up of saving pools, and investors increase their reliance on professional managers.

Currently, global assets managed by professional firms stand at approximately USD 16 trillion. The global ratio of AUMs to market cap is 37%. That ratio is only 7% in the GCC and less than 25% in emerging markets. The potential for growth based on capital markets development is outstanding. Algebra Capital expects the market for asset management in the GCC alone to grow to at least USD 200 billion in the next 5 years. Algebra Capital intends to position itself as a market leader in this arena.