News

EFG Hermes plans RE fund for 2020

Real_estate_fundEgypt-based investment bank and asset manager EFG Hermes is reportedly planning to launch a fund in 2020 to focus on the real estate sector. The head of equity management at EFG Hermes, Karim Moussa, told Daily News Egypt that the firm is considering working with a major real estate developer to establish the fund and is currently undergoing feasibility studies. Moussa also elaborated on the firm’s plans for its education fund, launched last year in partnership with Dubai-based GEMS Education and currently worth $133 million. He said that the firm, via its education fund, is expecting to acquire a number of schools in Cairo and Alexandria in the coming weeks and announce two or three new deals before the end of the year, which Moussa predicted will raise Hermes’ shares in the fund’s investments to between $35 and $40 million. Moussa also said that the company, which has $4 billion of assets under management – $1billion of which is through direct investment – is planning its first direct investment in the healthcare sector and expects to conclude the acquisition of a UK-based pharmaceutical firm for around $435 million in the coming weeks. ©2019 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.