Renaissance boosts Middle East & Africa investment management team

Ali, who will be based in Dubai, will help grow Renaissance's investment management business in Dubai, including the development of funds focusing on the Middle East, North Africa and South Asia (MENASA).

Ali was previously at Argent Financial Group International, where he was the Senior Portfolio Manager of the Constans Crescent Investment Fund, an equity long/short hedge fund focused on the Middle East and North Africa, and the first hedge fund to be domiciled in the Dubai International Finance Centre. Before that he worked at Aragon Global Management and Goldman Sachs.

Rod Barker, CEO RIM International, said of Ali's appointment: "We are delighted that a manager of Zeeshan's pedigree is joining the RIM platform to help us develop our business in the region. Given his excellent track record with the Constans Crescent Investment Fund, which delivered +55% unlevered returns in 18 months, his prior experience and Renaissance Group's existing footprint in the region, we are very excited about the potential for the business in the MENASA region.

"Following our already well-established Russia/CIS hedge funds, the Renaissance Africa Fund and the Renaissance Vanguard best ideas fund, we look forward to expanding further across an important region where the investment opportunity is very exciting and investor appetite is significant."