Investcorp Wins Inaugural Hedge Funds World Institutional Award
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 ten 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.”
Investcorp is a leading provider and manager of alternative investment products. It has offices in the Kingdom of Bahrain, New York and London and is publicly traded on the Bahrain Stock Exchange (INVCORP) and the London Stock Exchange (IVC) and the firm has five lines of business: private equity, real estate, hedge funds, venture capital and Gulf growth capital. Founded in 1982, Investcorp has grown to become one of the largest and most diverse alternative investment managers in terms of both product offerings and geography, and currently has over $10 billion in invested assets under management.
Investcorp’s hedge funds team of more than 60 professionals oversees approximately $5.0 billion in assets under management, of which approximately $2.0 billion is proprietary capital. The firm has a 10-year-long track record of investing in emerging hedge fund managers. Past performance is not indicative of future returns.
Through its Single Manager Platform, Investcorp provides its global institutional client base with access to emerging hedge fund managers who undergo Investcorp’s institutional quality due diligence, ongoing risk monitoring and operational support.