DAMAN FIFTH FUND
The Asset Management division of Daman Investments launched the Daman Fifth Fund, an open-ended GCC-equities focused mutual fund in April 2010. The fund is dully registered and regulated with the UAE Central Bank and the Emirates Securities and Commodities Authority (SCA) respectively.
Through its blended active investment approach of top-down macro, bottom-up stocks selection and behavioral and technical modelling targeting GCC equities, the fund aims to achieve significant benchmark outperformance and capital appreciation over the medium-term. It also aims to distribute quarterly payouts based on the total performance during such periods.
The fund has received various awards including being recognized as the Top Performing Alternative Mutual Fund in 2014 by the Preqin Global Hedge Fund Report and was ranked 1st amongst 3,407 funds that invest globally with a return of 269.59% in 2014 by Eurekahedge Fund Ranking.
For more information, please contact Daman’s Asset Management division.
Tel: +971 (4) 408 0333