Algebra Capital, a specialist asset management firm in the Middle East North Africa region (MENA) yesterday celebrated its first year anniversary reaching $350m of AUMs in its first 6 months of operations and 12 months after it was granted its license to operate as a Category 3 firm in the DIFC. The event was attended by senior executives from financial institutions, clients, partners and the press at the Atrium, Dubai International Financial Centre.
“It has been quite a journey so far with many milestones crossed. Key amongst those this year were the signing of a strategic Joint Venture with Franklin Templeton, a global leader in Asset Management, as well as launching our flagship Alpha MENA listed equities fund and being appointed as the regional advisor to Schroders UK on their newly launched Middle East Fund,” said Ziad Makkawi, Chairman & CEO, Algebra Capital.
Algebra Capital, operating out of the DIFC and regulated as a financial services provider by the DFSA, aims to be the premier specialist Emerging Markets asset management firm. Algebra Capital will manage assets in private and public markets across all asset classes. Services will be packaged as fund solutions, discretionary mandates or structured products. Clients are a mix of institutional investors and high net worth individuals. Particular attention and resources will be dedicated to attracting international capital flows to our target markets, the MENA and emerging Asia regions (MENASIA). Algebra Capital claims the longest combined track record in the Middle East
