To achieve this rating from the world-leading rating agency, the funds were subjected to a rigorous 6-month assessment. The first step of the evaluation is a quantitative analysis of a 12-month track record for each fund, which 80% of candidate funds fail to qualify.
For funds that meet the quantitative criteria, S&P examines the investment philosophy, objectives, universe, and investment style. It also scrutinizes style consistency and risk management standards.
Furthermore, interviews with portfolio managers are conducted to ensure their level of understanding and engagement in the process and continuity of the business. The funds are finally judged on the clarity of their processes and the manager's ability to achieve consistent outperformance.
Walid Hayeck, Director Asset Management, The National Investor, commented:
"This rating was achieved by a dynamic and professional investment management team that has demonstrated style consistency and outperformance in very challenging market conditions. The 'A' rating confirms our credibility as a leading investment management house based in Abu Dhabi."
"The report commended our efforts to formalize the investment process and the steps taken towards establishing international standards in risk management and attribution which are critical in current market conditions," he added.
TNI Asset Management offers a suite of four funds, including TNI UAE Blue Chip Fund, TNI Mena Real Estate Active Fund, TNI Dana Women and TNI Mena Special Situations Fund, all consistently outperforming their benchmark indices. TNI was awarded "Best Asset Management House" by Banker Middle East magazine three years in a row in 2006, 2007 and 2008.
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