Mena FM has announced the winners of the third annual Mena Fund Manager Performance Awards, at an event in Dubai.
Saudi Arabia’s NCB Capital and the UAE’s Duet were the big winners of the night, picking up two awards each. NCBC won Saudi Equity Fund of the Year for its AlAhli Saudi Mid-Cap Equity Fund, as well as Saudi Asset Manager of the Year. Duet won Hedge Fund of the Year for itsMena Opportunities Fund, and Mena Equity Fund of the Year for the Duet Mena Horizon Fund.
Mashreq’s head of asset management Abdul Kadir Hussain picked up the Outstanding Achievement by an Individualaward, and the firm also picked up the Fixed Income Fund of the Year award for its Mashreq Al Islami Income Fund.
“Our third awards ceremony saw some of the industry’s leading players recognised for benchmark-beating performance in a particularly tough year,” said Kathryn Gaw, editor, Mena FM. “Despite rocky conditions, we had more entries this year than every before, so congratulations to all those shortlisted, as well as the ultimate winners.”
The awards ceremony was held in The Address Downtown, Dubai, and attended by approximately 300 of the industry’s professionals from across the Mena region. The evening was hosted by the BBC’s Naga Munchetty, and sponsored by Apex Fund Services, KPMG, Citi, Maples and Calder, HSBC, Maples Fund Services, RBC Dexia Investor Services, RisCura, S&P Indices, S&P Capital IQ and State Street.
The full list of winners is as follows:
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CATEGORY: Balanced Fund of the Year
WINNER: Al Rajhi Multi Asset Balanced Fund
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CATEGORY: Exchange Traded Fund of the Year
WINNER: FALCOM Petrochemical ETF
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CATEGORY: Fixed Income Fund of the Year
WINNER: Mashreq Al Islami Income Fund
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CATEGORY: Fund of Funds of the Year
WINNER: Global Distressed Fund
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CATEGORY: GCC Equity Fund of the Year
WINNER: Global EPADI Fund
HIGHLY COMMENDED: Jadwa GCC Equity Fund
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CATEGORY: Hedge Fund of the Year
WINNER: Duet Mena Opportunities Fund
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CATEGORY: Kuwait Equity Fund of the Year
WINNER: Al Safwa Investment Fund
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CATEGORY: Mena Equity Fund of the Year
WINNER: Duet Mena Horizon Fund
HIGHLY COMMENDED: Mashreq Arab Tigers Fund
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CATEGORY: Money Market Fund of the Year
WINNER: Blom MENA Market Fund
HIGHLY COMMENDED: Export Development Bank of Egypt Money Market Fund No.2
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CATEGORY: Newcomer Fund of the Year
WINNER: Royal Capital Fixed Income Fund
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CATEGORY: Outstanding Performance and Innovation
WINNER: DSAM Kauthar Gold Fund
HIGHLY COMMENDED: Rasmala Palestine Equity Fund
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CATEGORY: Qatar Equity Fund of the Year
WINNER: NBK Qatar Equity Fund
HIGHLY COMMENDED: Al Beit Al Mali Fund
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CATEGORY: Saudi Equity Fund of the Year
WINNER: AlAhli Saudi Mid-Cap Equity Fund
HIGHLY COMMENDED: Al Rajhi Local Shares Fund
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CATEGORY: Sector Fund of the Year
WINNER: HSBC Saudi Construction and Cement Equity Fund
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CATEGORY: Specialist Fund of the Year
WINNER: Emirates Global Sukuk Fund
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CATEGORY: UAE Equity Fund of the Year
WINNER: Emirates Gateway Fund
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CATEGORY: Bahrain Asset Manager of the Year
WINNER: Securities & Investments Company
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CATEGORY: Kuwait Asset Manager of the Year
WINNER: National Investments Company
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CATEGORY: Levant Asset Manager of the Year
WINNER: BlomInvest Bank
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CATEGORY: Oman Asset Manager of the Year
WINNER: BankMuscat
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CATEGORY: Outstanding Achievement by an Individual:
WINNER: Abdul Kadir Hussain
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CATEGORY: Saudi Asset Manager of the Year
WINNER: NCB Capital
HIGHLY COMMENDED: Al Rajhi Capital
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CATEGORY: UAE Asset Manager of the Year
WINNER: NBAD – Asset Management Group
HIGHLY COMMENDED: Emirates NBD Asset Management
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