Daman to launch new family of funds

Daman Investments said yesterday it plans to launch new family of funds.

These new overseas funds will be designed specifically to be attractive to those investors in the UAE and wider GCC seeking the protections of more robust regulatory regimes outside the UAE, Daman Investments said.

Ahmad Khizer Khan, CEO of Daman Investments, said: “Daman Investments is is designing a more investor friendly family of funds that we hope to debut early in the New Year.” More details will be announced in due course, the statement added. (Staff Report)