Daman Investments implements state of the art Portfolio Management System

Press release

Published November 6th, 2016 - 06:27 GMT

Daman Investments

Daman Investments PSC, one of the leading UAE-based regional investment companies, announced today that it had chosen the Advent Portfolio Exchange platform (APX) to enhance its Asset Management system capabilities. The APX platform offers a robust set of portfolio management, fund accounting & performance analytics tools.

The APX platform stood out from the competition due to its simplicity, and modular features.

“Daman’s client-centric approach over the years has allowed us to deliver superior risk-adjusted returns and APX will help us further strengthen our investment management & client-reporting capabilities.” said Farid Samji, Head of Asset Management at Daman Investments. Advent provided us with a compelling solution which was not only compliant with the Global Investment Performance Standards (GIPS) but also had a robust implementation track record and support in the region, he added.

Background Information

Daman Investments

Founded by a group of prominent UAE investors in 1998, Daman Investments was conceived as an enterprise in response to a growing need for in-depth financial services that are specific to the region. Asset management represented the first line of activity undertaken by Daman, and still remains at the core of our operations. Since then we have developed several initiatives and have been actively offering investment opportunities to the institutional, high net worth and retail markets in the UAE and beyond.