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GIB Emerging Markets Opportunities Fund nominated for prestigious award for third consecutive year

GIB's Emerging Markets Opportunities Fund (EMOF, GIB's flagship Hedge Fund), has been included in the initial nominations for the Emerging Markets category in the Eurohedge Awards 2013.  EMOF is the only fund in the category to be nominated for the last three consecutive years since 2011.
 

The three consecutive nominations, in addition to the impressive track record of only three months of negative performance since the Fund's inception in August 2010, is testimony to the ability of the investment team to produce consistent returns during both buoyant and difficult market conditions.  EMOF has generated an annualised return since inception to 30th November 2013 of 9.42% and a Sharpe Ratio of 3.03, thereby providing excellent risk-adjusted returns to its investors.

Dr. Yahya Alyahya, GIB's Chief Executive Officer, said: "We are very delighted to have received this initial nomination and look forward to achieving continued positive results. We believe that the strategy adopted, combined with the UK's regulatory environment and our proactive portfolio management skills, provide us with an ability to compete effectively on a global basis".

EMOF is a multi-strategy long/short Emerging Markets focused hedge fund that invests in sovereign and corporate fixed income securities in both hard and local currency. The investment team, based in London, is headed by Uday Patnaik, GIBUK's Chief Investment Officer.

HedgeFund Intelligence, who operate the Eurohedge Awards, stated:  "The EuroHedge Awards celebrate fund excellence in the European hedge fund industry. The awards themselves are regarded as the most prestigious and accurate in the industry, and the hedge fund community turns out in force to enjoy this stylish occasion. Over 900 hedge fund managers, investors, and other industry professionals will come together to celebrate the achievements of the best performing funds of the previous year".