Five Egyptian investment banks win at the MENA Fund Manager Performance Awards
Five Egyptian investment banks took home hardware from the MENA Fund Manager Performance Award 2018 in Dubai, winning a total of nine awards. Acumen Asset Management was the big Egypt winner of the night, clinching three awards: Best balanced fund, best MENA equity fund of under USD 75 mn, and MENA equity fund of the year. EFG Hermes Asset Management won two awards: one for best Sharia compliant equity fund, and one for fixed income fund of the year. CI Capital Asset Management won best fixed income fund for its CIB Money Market Fund (Osoul), and best Egypt equity fund for the CIB Egypt Equity Fund (Estithmar). HC Securities was named best Egypt asset manager, while Rasmala Egypt Asset Management won outstanding performance and best sharia-compliant fixed income fund. You can see the full roster of winners here.