Daman Investments plans launch of two new funds

Mena_Story_ImageDubai-based investment manager Daman Investments is expecting to launch two new funds before the end of the year. In an interview with the Zawya news service, Daman’s head of asset management Ali El Adou said that the first of the new funds would target conventional investors who focus on the Mena region as well as Turkey and Pakistan and will open with initial capital between $10 and 15 million and a target size of $150 million. The vehicle, called the Mena fund, will be a balanced fund covering both equities and fixed income. It is likely to be domiciled in Luxembourg. “We want our funds to be domiciled in high regulated jurisdictions,” said El Adou. “We see Luxembourg as one of the best-regulated fund jurisdictions globally.” The second of these funds will focus on sharia-compliant investments, according to El Adou. ©2019 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.