Tuesday 26 March 2019

INTERVIEW: Daman Investments to launch two new funds | ZAWYA MENA Edition

INTERVIEW: Daman Investments to launch two new funds | ZAWYA MENA Edition:

Dubai-based Daman Investments is launching two new funds, with the first targeting conventional investors and the second being offered to those seeking shariah-compliant investments, the company’s head of asset management has told Zawya.

“We have new investment strategies we are trying to implement. We are targeting conventional and shariah-compliant investors,” Ali El Adou, head of asset management at Daman Investments told Zawya in an interview at the company’s office last week.

Daman Investments said in November last year that it was developing a new investment strategy targeting institutional investors, which would see it wind down three old funds ahead of the launch of its first new fund this year.

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