Aventicum Capital Management, the asset management joint venture owned by Credit Suisse and the Qatar Investment Authority (QIA), has announced that its Qatar-based business, Aventicum Capital Management (Qatar) (ACMQ), will assume the investment management responsibility of selected funds and mandates of Amwal LLC, a Qatari asset management company.
The transfer reflects ACMQ's continued efforts to strengthen its local presence.
The agreement sees Aventicum Capital Management (ACMQ) take responsibility for a broad range of Amwal's managed investment funds in equities and fixed income across active and passive strategies in both conventional and Sharia-compliant products. These products will be available to local, regional and international investors and facilitate the expansion of ACMQ's client footprint.
Aladdin Hangari, chairman of Aventicum Capital Management (Qatar) LLC, said: "The expansion will help to accelerate our growth and strengthen Aventicum' s product offering in line with our strategy in Emerging Markets. We are looking forward to working with the Amwal team and integrating these funds into our platform, allowing us to continue building long-lasting relationships across regions."
This article was first published by InvestmentEurope, a sister title to International Investment.