Thursday 28, September 2017 by Nabilah Annuar

Rasmala Trade Finance Fund surpasses $100 million

Since its inception, the Fund has generated a cumulative return of 14.1 per cent.

Rasmala Investment Bank Limited (‘RIBL’), the asset management subsidiary of Rasmala plc (‘Rasmala’), has announced that assets under management in the Rasmala Trade Finance Fund (the ‘Fund’) have recently surpassed $100 million, the Fund has attracted significant investor interest on the back of strong performance.

Commenting on this achievement, Eric Swats, Senior Executive Officer, said, “We are pleased with the level of the Fund’s assets under management but more importantly that performance has remained so strong in the first three years of the Fund’s life. The high-calibre of investors the Fund has attracted is a testament to Rasmala’s positioning as one of the leading regionally based alternative investment management groups with an unparalleled ability to source and structure diversified trade finance transactions”

The Fund specialises in providing short-term structured and/or asset-backed liquidity to companies trading real assets in the real economy and has delivered 34 consecutive months of positive returns generating an annualised return of 4.5 per cent for investors since inception. The Fund has seen interest from regional and international institutional investors as well as family offices, corporates, and high net worth investors.

Over the next two years, Rasmala is focusing on developing its alternative investment offerings through product development and strategic joint ventures. Rasmala expects to raise approximately $1 billion for its growing alternatives business.

For investors, the Fund provides a regulated Shari'ah compliant investment vehicle to enhance and diversify their international asset allocation through an asset class that has limited correlation to the underlying volatility in traditional asset classes such as equities and fixed income securities.

David Marshall, Head of Products at Rasmala, added, “We have worked on expanding the Fund’s asset base while matching inflows with investment opportunities. The team remains focused on tailoring products that offer clients real alternatives, especially with more traditional global assets looking so fully valued.”

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