5 Mar 2008

Investcorp, a leading global asset manager specializing in alternative investments, has won the Best Institutional Hedge Fund Manager award at the Hedge Funds World Awards – Middle East held in Dubai yesterday. Investcorp also received the Special Merit Award for Outstanding Industry Contribution.

The awards are designed to recognize and encourage excellence in the Middle East hedge fund industry.  Investcorp was selected from over 20 finalists representing leading global hedge fund firms.

Deepak Gurnani and Ibrahim Gharghour, co-heads of Hedge Funds at Investcorp, both expressed their delight at receiving this industry recognition from the most prominent authority in the industry.

Ibrahim Gharghour said: “These awards come as a result of the huge effort by the Investcorp Hedge Funds team. Today, Investcorp offers clients around the globe the industry’s first truly integrated suite of hedge fund products and services that allows customized solutions.  We have managed to select the best managers that have produced superior results due to their experience and wise investment strategies. These awards serve as an added incentive to our continued commitment to the highest standards.”

Deepak Gurnani said: “These awards reflect the international recognition of Investcorp’s success in this field. Investcorp has been operating its Hedge Funds platform for more than 10 years and has proven its resilience through the turmoil and volatility that has swept the financial markets. Our 360 degree approach to risk management gives both investors and financial institutions great confidence in our products. These awards are further proof that Investcorp is a leading industry participant.”