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Fortis launches the Arabia Fund

United Arab Emirates: Tuesday, April 04 - 2006 @ 08:04

The Arabia Fund is managed by Fortis Multi Management, a specialist organisation within Fortis, dedicated to the research and selection of third-party funds.

The Arabia Fund provides a unique opportunity to profit from the growth prospects in the Middle East. The Fund will spread its investments across ten to fifteen regional funds. Experts at Fortis Multi Management have extensively researched the potential fund managers for the Arabia Fund and believe that the recent correction in Arab equity markets has created an opportunity for long-term investors to enter these markets at more reasonable valuation levels. Investing with carefully selected fund managers who can identify the quality companies from the weaker ones means attractive returns will be possible.

Faisal Raman, Portfolio Manager of the Arabia Fund says: “Based on our knowledge of the regional markets and our capacity to actively manage the portfolio at different fund managers and in different countries, we will strive to bring superior performance to our clients through this creative way of investing in the region.”

Dubai-based Mubashir Sheikh, Managing Director and Regional Head of the Middle East and Indian Sub-Continent for Fortis Private and Commercial Banking comments:

“We are pleased to introduce the Arabia Fund, which is a unique opportunity to invest based on the collective wisdom of several experts in GCC regional markets. This fund of funds offers investors an intelligent way to profit from the region’s growth in a risk-diversified manner.”

Fortis Multi Management has extensive experience in the selection of third-party investment managers and currently manages in excess of USD 7 billion in multi-manager assets. Fortis Multi Management has pioneered primary research and the selection of fund managers since it co-founded the world’s first fund of hedge funds in 1969. Fortis Multi Management offers multi-manager solutions with regard to a wide array of investments, including equities, fixed income, hedge funds, private equity and real estate.

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Tuesday, April 4- 2006 @ 8:04 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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