Investcorp also received the Special Merit Award for outstanding industry contribution. The event, recognized as the most important in the region for the industry, was attended by elite hedge fund institutions from around the globe.
The awards are designed to recognize and encourage excellence in the Middle East hedge fund industry.
Investcorp was selected from over 20 finalists representing leading global hedge fund firms.
On this occasion, Deepak Gurnani and Ibrahim Gharghour, co-heads of Hedge Funds at Investcorp, both expressed their delight at receiving this industry recognition from the most prominent authority in the industry.
Ibrahim Gharghour said: "These awards come as a result of the huge effort by the Investcorp Hedge Funds team.
Today, Investcorp offers clients around the globe the industry's first truly integrated suite of hedge fund products and services that allows customized solutions.
We have managed to select the best managers that have produced superior results due to their experience and wise investment strategies. These awards serve as an added incentive to our continued commitment to the highest standards."
Deepak Gurnani said: "These awards reflect the international recognition of Investcorp's success in this field.
Investcorp has been operating its Hedge Funds platform for more than 10 years and has proven its resilience through the turmoil and volatility that has swept the financial markets. Our 360° approach to risk management gives both investors and financial institutions great confidence in our products. These awards are further proof that Investcorp is a leading industry participant."
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Investcorp's Hedge fund wins two international awards
- Bahrain: Wednesday, March 05 - 2008 at 16:34
- PRESS RELEASE
Investcorp, a leading global asset manager specializing in alternative investments, has won the Best Institutional Hedge Fund Manager award at the Hedge Funds World Awards held at the Madinat Jumeirah Hotel in Dubai on Tuesday March 4, 2008.
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Notes and media contacts
ABOUT INVESTCORPInvestcorp is a leading provider and manager of alternative investment products. It has offices in the Kingdom of Bahrain, New York and London and is publicly traded on the Bahrain Stock Exchange (INVCORP) and the London Stock Exchange (IVC) and the firm has five lines of business: private equity, real estate, hedge funds, technology investment and Gulf growth capital.
Founded in 1982, Investcorp has grown to become one of the largest and most diverse alternative investment managers in terms of both product offerings and geography, and currently has over $15bn in invested assets under management.
Investcorp's hedge funds team of more than 100 professionals oversees approximately $7bn in assets under management, of which approximately $2.0bn is proprietary capital. The firm has a 10-year-long track record of investing in emerging hedge fund managers. Past performance is not indicative of future returns.
Through its Single Manager Platform, Investcorp provides its global institutional client base with access to emerging hedge fund managers who undergo Investcorp's institutional quality due diligence, ongoing risk monitoring and operational support.
Contact information for the media:
Investcorp (Bahrain)
Firas El Amine
+973 1753 2000
or
Investcorp (London)
Deborah Botwood Smith
+44 20 7629 6600
or
Hill and Knowlton
Maheen Ali
+973 (17) 533 532
Posted by Eman HassanWednesday, March 05 - 2008 at 16:34 UAE local time (GMT+4)
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