QInvest wins Global Fund Award

Date

9/7/2015 1:12:46 AM

(MENAFN- The Peninsula)Tamim Hamad Al Kawari (left) and Dr Ataf Ahmed

DOHA: QInvest Qatar’s leading investment group has been named ‘Islamic Fund Management Firm of the Year’ at the Corporate Livewire Global Fund Awards.

The award was instituted to recognise outstanding performance and excellence within the global financial services industry. They recognise the performance of Funds Fund of Funds (FoF’s) hedge funds Fund of Hedge Funds (FoHF’s) as well as the service providers working behind the scenes to successfully manage and advise on all aspects of the funds Industry.

Commenting on the award Tamim Hamad Al Kawari Chief Executive Officer of QInvest said: “We are very pleased to have won this award and for our talented and experienced team to be recognised. Our asset management business is going from strength-to-strength continually innovating to ensure we develop world-class offerings whilst also responding to investors’ needs for [increasingly] diversified portfolios.”

Dr Ataf Ahmed Head of Asset Management at QInvest said: “During the first half of 2015 we continued to cultivate new business and develop existing relationships across the asset management business. Our clients benefit from the impressive returns which we have generated across our portfolios in particular QMAP QInvest’s pioneering open architecture Sharia’a compliant fund platform.”

The Asset Management division previously announced their impressive performance and returns which they have generated across the Bank’s portfolios. Additionally the team announced the inclusion of the regional equity fund the Qatar Equity Fund (the ‘Fund’) to the QMAP platform QInvest’s pioneering open architecture Shariah-compliant funds.

The Fund uses the highly successful local equity strategy which has annualised returns of above 22 percent since launch in 2013 and is significantly ahead of the benchmark and its peers. Whilst previously only offered as a segregated account the new Fund now provides access to a broader number of eligible investors.

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