Al Rayan named Qatar asset manager of year

06/02/2014 10:26 AST

Underlining its local dominance, Doha-based Al Rayan Investment won 'Qatar asset manager of the year' title at the 2014 Mena Fund Manager Performance Awards. The award was presented at a gala dinner in Dubai hosted by Mena Fund Manager Magazine, where over two hundred leaders of the regional industry were present.

Winners were initially short-listed and then judged by industry experts within the Mena region. The lengthy judging procedure studied qualitative aspects such as investment philosophy and process, approach to portfolio construction, risk management, product innovation, client growth and overall expansion of the business. In addition, being Performance Awards, quantitative factors were given importance with consistent investment performance being singled out in particular. Across all these metrics, Al Rayan Investment stood out and was recognised for its achievements.

Al Rayan Investment continues to make rapid strides as an established GCC asset manager. The most recent award follows previous successes, where Al Rayan Investment was voted 'Mena Sukuk Manager of the Year' in 2013 and 'Mena Shariah Fund Manager' in 2012, both by Global Investor/ISF, the asset management publication of Euromoney magazine.

"Being recognised as Qatar's best asset manager is a tremendous honor and we thank our investors for their continued support. We are committed to be the trusted advisor for all our individual and institutional clients", commented Haithem Katerji, Chief Investment Officer of Al Rayan Investment.

Al Rayan Investment manages investments in excess of QR 1.8 billion, invested in sukuk and GCC listed equities. This includes Al Rayan GCC Fund, the largest mutual fund based in Qatar. In 2013, the fund gained 27 percent, while over the last 24 months it was up 42 percent; subscriptions are open to individual and institutional investors.

The Peninsula