Thursday
03.28.2024
11:24 PM
Login form
Search
Calendar
Entries archive

Africa Live News

Main » 2015 » April » 1 » Dalma Capital Wins Multiple Prestigious Awards
4:33 PM
Dalma Capital Wins Multiple Prestigious Awards

Dubai, United Arab Emirates - Sunday, March 29th 2015 [ME NewsWire]

Dalma Capital Management Limited (Dalma Capital) has been honoured with three awards by Wealth & Finance International’s ALTERNATIVE INVESTMENT AWARDS 2015 for its DIFC based fund management operation and the Dalma branded hedge fund that the company manages.

The Awards won by Dalma Capital were announced as:

The Best Fund Management Platform - UAE

The Best Risk Adjusted Return Fund – UAE

The Most Innovative UAE Fund

In response to the news, Howard Leedham, the CEO of Dalma Capital said, “I’m delighted for the Dalma team that they have won this recognition and that our company is contributing to the reputation of the DIFC and the UAE in its growth as a hub for fund management and innovation.  At Dalma Capital we do believe that the Dalma Unified Return Fund represents the next generation of hedge funds and the award for innovation and best risk adjusted return does serve to reflect that belief.”

Leedham added: “We were well aware that the award for the Best Fund Managed Platform was closely contested so it really is of great credit to the Dalma team that we edged ahead of the competition in this regard.”

These awards may not be surprising to those who have been watching the development of Dalma Capital, which is regulated by the Dubai Financial Service Authority as an asset manager.  During 2014 the company announced a first-of-its-kind Donation Agreement with the Emirates Foundation supporting Emirati Youth Development and, early in 2015, the Company announced that local business tycoon and Deputy Chairman of the Kanoo Group, Mishal Kanoo, had joined Dalma’s Board of Directors.

Leedham commented: “2015 has started as an exceptional year for Dalma and the award-winning Fund has excelled even our own expectations. We of course appreciate that any investment must be taken on its own merits, but it would be difficult for me to be happier with the award winning fund and Dalma’s recent developments. We hope that these awards combined with the quality of our team, our corporate social responsibility and our performance will lead to Dalma Capital Management becoming an integral fund management company in the DIFC and UAE.”

Background:

About Dalma Capital Management Limited

Dalma Capital Management Limited is an Asset (Hedge Fund) Manager that is based in the Dubai International Financial Centre and regulated by the Dubai Financial Services Authority.  It currently manages the Dalma Unified Return Fund that is only open to institutional and qualified high net worth investors.

For their services to investors hedge fund managers typically charge a 2% Management Fee based on the amount invested and a 20% performance gain on added value to an investment.  In the case of Dalma Capital it has agreed to donate 15% of the fees it receives from any qualified Emirates based institution or individual.

About Emirates Foundation for Youth Development

Emirates Foundation was launched in April 2005 as an initiative of His Highness General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. It is chaired by HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs.

In 2012, the Emirates Foundation was re-launched under the name “Emirates Foundation for Youth Development” as an integrated national initiative that seeks to invest in UAE youth. The new strategy uses the model venture philanthropy with a view to impacting the lives of young people in the UAE positively and permanently. To achieve this, the Foundation will work in three key focus areas: social inclusion; community engagement; and leadership and empowerment. It will seek to identify, educate and inform the public about challenges facing UAE youth while developing sustainable, enterprise-based solutions to social issues and motivating young Emiratis to volunteer, participate and give back to society.

Emirates Foundation works to enhance partnerships between private and public sectors, in order to develop sustainable ways of helping young people in the UAE make an active contribution to the country’s development. EF is funded through contributions from the Abu Dhabi government and private sector companies.

About Mishal Kanoo

Mishal Kanoo is also the Deputy Chairman of The Kanoo Group, one of the largest and most diverse family owned groups of companies in the Middle East that has diversified interests including hedge funds, financial services, shipping, travel, machinery, logistics, oil & gas, ports, power, and chemicals. The Kanoo Group also known as a major hedge fund allocator and Mishal Kanoo's stewardship over the family business has received plaudits for robust diversification and sound risk management practices; Mr Kanoo has a reputation as a futurist and strategist with a strong track record of forecasting economic developments in and around the Middle East.

Contacts

Dalma Capital Management

Howard Leedham, CEO, +97143756060

howard.leedham@dalmacapital.com

 

 

 

 

Permalink: http://me-newswire.net/news/14144/en

Views: 215 | Added by: uaeonlinenews | Rating: 0.0/0
Total comments: 0