Investcorp Wins Leading International Hedge Funds Award
Bahrain, July 9, 2006 – Investcorp, the asset manager specializing in alternative investments, has won the Hedge Fund of Funds Leader of the Year award at the prestigious Alternative Investment News hedge fund industry awards organized by the international publication Institutional Investor. Investcorp’s hedge fund team beat four other highly regarded fund of funds on the short list.
The award was presented in New York this week at a ceremony that celebrated the achievements of the hedge fund industry. The awards were judged by a panel of experts from leading institutions including JP Morgan, Goldman Sachs and Bear Stearns. The judges cited Investcorp’s penetration of the U.S. institutional market, its growth in assets under management and its new single manager platform as the critical success factors.
Deepak Gurnani and Ibrahim Gharghour, co-heads of Asset Management at Investcorp, both expressed their delight at receiving this recognition.
Deepak Gurnani said: “It is a great tribute to be recognized by our industry peers as well as by the premier awards in the hedge fund industry. This is testament to the long term achievements of Investcorp’s hedge fund business over the past nine years and our success in building a strong business, not least in establishing leading risk management processes to set us apart from other providers.”
Ibrahim Gharghour added: “This award also recognizes our substantial recent progress in the United States, where we have attracted substantial US institutional money into our programme. In addition, last year, we set up a single manager platform and have already partnered with two high profile groups, Interlachen Capital Group and Cura Capital Management, in order to provide our investors greater variety and access to leading specialist funds.
Investcorp is one of the leading institutional investors in hedge funds with approximately $4.6 billion under management, of which $1.7 billion is proprietary investment.
Investcorp is a global asset manager specializing in alternative investments with offices in the Kingdom of Bahrain, New York and London. The firm has four products: private equity, hedge funds, real estate investment and venture capital. It was established in 1982 and now manages total investments in alternative assets of approximately $9.5 billion.
In the United States, Investcorp and its clients currently own corporate investments that include American Tire, CCC Information Services and SourceMedia. In Europe, Investcorp and its clients currently own corporate investments that include Autodistribution, OREFI, Polyconcept, APCOA and Hilding Anders. Further information is available at www.investcorp.com.
This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold into the United States absent registration under the U.S. Securities Act of 1933 or an exemption therefrom. The Company does not intend to register any portion of the offering in the United States or to conduct a public offering of any security in the United States.
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