Dubai-based Shuaa Capital, a leading financial institution, has won the award for the “Best Asset Manager in the UAE” for the second consecutive year from EMEA Finance magazine.

“We are very pleased to receive this award for the second year running. It underscores our consistency in delivering performance for clients and our position as the premier asset management house in the UAE,” said Nadi Bargouti, head of Asset Management of Shuaa Capital.

“Shuaa continues to honour the distinction of holding the longest regional track record for equity funds in the Middle East. Shuaa Asset Management has built on its success in 2010 and solidified its position as the best performing asset manager in 2011,” he added.

The Shuaa Emirates Gateway Fund was the top-performing UAE fund in 2011. The Shuaa Qatar Gateway Fund was the best-performing Qatar fund in 2011 (and 2010). The Shuaa Arab Gateway Fund was the second-best-performing Mena fund in 2011 (best in 2010). All discretionary portfolios ended 2011 in positive territory and outperformed their benchmarks, a statement said.

Besides generating superior performance across its fund and discretionary portfolios, Shuaa Capital also grew its assets under management by over 25 per cent during 2011, the statement added. – TradeArabia News Service