Rayan Asset Management has completed its first year of operation as the exclusive distributor for the Russell Investment Group in the Middle East. Rayan is a United Arab Emirates (UAE)-based company established by several senior local businessmen.
In November 2002, Rayan and Russell began working together to introduce the increasingly popular multi-manager approach to a wide spectrum of investors in the region.
“Rayan will play a key role in promoting the multi-manager concept across the Middle East and with Russell, we will give investors access to a multi-manager offering from the global leader in this field,” said Rayan CEO, Farid Bedjaoui.
The move to widen Russell's offering in the Middle East is part and parcel of a global surge in interest in multi-manager products, both from the institutional and retail market. Multi-manager investing has now become a part of the mainstream investment landscape around the world and is the highest growth area of the asset management industry. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
