BAHRAIN, 21 March 2007 — Investcorp, the leading global asset manager specializing in alternative investments, has won the Institutional Hedge Fund Manager award at the inaugural Hedge Funds World Awards held at the Jumeirah Beach Hotel in Dubai.
The awards are designed to recognize and encourage excellence in the Middle East hedge fund industry.
Investcorp and five other winners were selected from over 20 finalists representing leading global hedge fund firms.
The award comes at a time when Investcorp is marketing to GCC investors its new Investcorp Early Stage Fund, which invests in newly formed hedge funds.
The new fund is attractive to GCC investors due to the advantages of investing in emerging managers with potential for superior performance, as well as Investcorp’s track record as a highly experienced manager of early stage funds, able to handle their specific risk management challenges. The Early Stage Fund is only being marketed to investors in the GCC.
Deepak Gurnani and Ibrahim Gharghour, co-heads of hedge funds at Investcorp, both expressed their delight at receiving this industry recognition.
Deepak Gurnani said: “It is an outstanding tribute to be recognized by our industry peers at this leading industry event. We see this as a testament to the achievements of the past 10 years in pioneering acceptance of hedge funds as an asset class for institutions in the region, and in building a strong business based on superior performance grounded in an industry-leading risk management process.”
Ibrahim Gharghour said: “This award reflects our substantial recent progress in widening our business, through current initiatives such as our strategic partnership with London-based WMG, as well as the strengths we bring as a long established fund of funds manager with a demonstrable track record.”