Dubai - Mubasher: The insurance assets under management of Shuaa Capital increased to $136 million and are expected to record a half a billion dollars within the next three years.
Through its managed funds and discretionary portfolios, Shuaa has managed the equity and debt portfolios of five major insurance companies over the past three years, according to a press release on Tuesday.
Shuaa's managed funds enable insurance investors to invest in a regulated and diversified fund structure that achieves cost efficiencies and economies of scale and creates consistent, long-term value.
The Managing Director and Head of Public and Private Markets at Shuaa Capital, Ajit Joshi, said: "Just this year, we hired a portfolio manager with experience in global equities and plan to hire more before the end of the year. This is in line with our strategy to expand our range of products and services with the right capabilities to meet the changing needs of our clients while identifying long-term value creation opportunities for them."
