Tamim al-Kawari and Ahmed: Outstanding performance.
Leading investment and Islamic financial group QInvest has been named “Islamic Fund Management Firm of the Year” during the Corporate Livewire Global Fund Awards.
The awards were formed to recognise outstanding performance and excellence within the global financial services industry, as well as recognise the performance of funds, Fund of Funds (FoF’s), hedge funds, Fund of Hedge Funds (FoHF’s), as well as service providers working behind the scenes to manage and advise on all aspects of the industry.
QInvest CEO Tamim Hamad al-Kawari said: “We are very pleased to win this award, and for our talented and experienced team to be recognised. Our asset management business is going from strength-to-strength, continually innovating to ensure that we develop world-class offerings while also responding to investors’ needs for increasingly diversified portfolios.”
Dr Ataf Ahmed, head of Asset Management at QInvest, added: “During the first half of 2015, we continued to cultivate new business and develop existing relationships across the asset management business.
“Our clients benefit from the impressive returns, which we have generated across our portfolios, in particular, QMAP, QInvest’s pioneering open architecture Shariah-compliant fund platform.”
The asset management division previously announced its performance and returns, which it has generated across the bank’s portfolios. Additionally, the team announced the inclusion of the regional equity fund — the Qatar Equity Fund to the QMAP platform, QInvest’s pioneering open architecture Shariah-compliant funds.
The fund uses the local equity strategy, which has annualised returns of 22% since it was launched in 2013, and is significantly ahead of the benchmark and its peers. While previously offered only as a segregated account, the new fund now provides access to a broader number of eligible investors.
