GIB UK’s emerging market fund achieves strong returns


The Gulf International Bank’s (GIB) Insurance Broking Group UK has announced that its Cayman-based Emerging Markets Opportunities Fund (EMOF) achieved a net return of 6.11 percent in 2015.

The company said the fund, which invests in the debt of emerging market economies, has managed another year of strong returns in a market beset by macro worries.

EMOF is a Cayman domiciled EM debt hedge fund established in August 2010 and has achieved an annualised return since inception to the end of December 2015 of 7.31 percent. It invests primarily in the debt of EM economies in hard currencies such as the US Dollar.

Mark Watts, the chief executive officer of GIB UK, said: “We are delighted with the returns that the EM team continue to deliver to clients. It is a testament to their deep understanding of the markets that we are able to navigate difficult conditions and still manage a good positive performance for our clients.”

Jose Canepa, head of asset management, added: “In a challenging year, we continued to deliver strong risk adjusted returns for both our hedge fund and long only portfolios in absolute and relative terms. We remain cautious in our investment approach but have been adding risk selectively. Entry levels are more attractive now than in 2015.”

Gulf International Bank, GIB, EMOF, Mark Watts, Jose Canepa, UK, Cayman

Cayman Funds