The Dubai International Financial Centre was selected as the recipient of the Special Merit Award for Outstanding Industry Contribution. The complete list of winners is:
• Rasmala Investments - Newcomer of the Year
• Citco - Service Provider of the Year
• Investcorp - Institutional Hedge Fund Manager
• Argent Financial Group - Most Innovative Project
• ABN Amro - Hedge Fund Distributor of the Year
• DIFC - Special Merit Award for Outstanding Industry Contribution
The winners were announced at a gala dinner at the Jumeirah Beach hotel in Dubai which took place on the sidelines of the Hedge Funds World Middle East Conference 2007, the largest event of its kind in the region, which finishes tonight.
The awards, organised by Terrapinn and sponsored by Man Investments, the world's largest provider of hedge fund products, are designed to recognise and encourage excellence in the emerging Middle East Hedge Fund Industry.
Antoine Massad, the Chief Executive of Man Investments Middle East Ltd., said: "For more than 20 years Man Investments has worked at contributing to the development of the industry in the region. By sponsoring initiatives like the Hedge Funds World Middle East Awards, we remain true to our commitment to develop a rich, diverse and strong local hedge fund industry," He added, "I believe the strength of the firms on display tonight lays down a marker for the rest of the industry to follow."
The hedge fund industry in the Middle East has grown massively in the past five years, as local economies have boomed and a growing audience of investors have come to recognise the performance benefits of the asset class.
The awards event also raised funds for PlaNet Finance, an International Non Profit Organization dedicated to alleviating world poverty through the promotion of microfinance initiatives around the world. In 2005, the NGO launched an initiative to promote micro-lending in the Middle East and North Africa and today it has offices in Morocco, Egypt, Jordan, Lebanon and Palestine.
Veteran British journalist John Simpson, the BBC's World Affairs Editor was the guest speaker of the evening.
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Hedge Fund Awards reflect depth of regional industry
- United Arab Emirates: Wednesday, March 07 - 2007 at 14:06
- PRESS RELEASE
A wide range of firms were honoured for their contribution to alternative investing in the Gulf region at the first ever Hedge Funds World Awards, Middle East, launched by Terrapin and Man Investments.
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About Man InvestmentsMan Investments, the Asset Management division of Man Group plc, is a global leader in the fast-growing alternative investments industry. It provides innovative products and tailor-made solutions to private and institutional investors. Through its core investment managers - AHL, Glenwood, Man Global Strategies and RMF - Man Investments has succeeded in developing leadership in hedge funds and has interests in other asset classes. Established in 1983, Man Investments has launched over 450 products, many of them with leading financial institutions. It manages over USD 60 billion and employs more than 1,300 people worldwide. Man Investments has key centres in London and Pfäffikon (Switzerland), and offices in Chicago, Hong Kong, the Middle East, Montevideo, Nassau, Sydney, Tokyo and Toronto. Further information on Man Investments can be found at www.maninvestments.com
About Man Group plc
Man Group plc is a leading global provider of alternative investment products and solutions as well as one of the world's largest futures brokers. The group employs over 4,000 people in 16 countries, with key centres in London, Pfäffikon (Switzerland), Chicago and New York. Man Group plc is listed on the London Stock Exchange (EMG.L) and is a constituent of the FTSE 100 index. Further information on Man Group can be found at www.mangroupplc.com.
For further information please contact Randa Mazzawi at Tel: 97150 4506120
or Basma Alwesh at tel: 97150 6500743
Posted by Lara Lynn Golden, News EditorWednesday, March 07 - 2007 at 14:06 UAE local time (GMT+4)
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This article was updated on Tue May 22 2007.
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