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AD Investment Management

AD Investment Management is a research-driven asset management boutique investing primarily in the emerging and frontier equity markets of the Middle East and North Africa. AD Investment Management is supported by one of the largest sovereign wealth funds globally.

AD Investment Management’s Vision

Our vision is to be the asset manager of choice by following principles that govern our evolution. We aim to Partner for growth, Invest for value, Lead through innovation, Succeed through discipline, Win while respecting the rules and grow with Trust.

AD Investment Management’s Mission

We are stewards of the capital entrusted to us. We will perform our duties to our clients, our shareholders and the society at large by providing sustainable investment solutions that promise independent financial thought and disciplined processes while promoting the advancement and efficiency of the capital markets in which we operate.

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About Us

AD Investment Management (ADIM) is a specialized Middle Eastern asset management boutique that is supported by a globally leading sovereign wealth fund.
ADIM’s mission is to provide clients, communities, capital markets and shareholders with sustainable investment solutions by committing smart people, independent financial thought and disciplined processes.

AD Investment Management is domiciled at the Abu Dhabi Global Market and regulated by the ADGM’s Financial Services Regulatory Authority (FSRA). AD Investment Management was founded in 2019 as a subsidiary of the Abu Dhabi Investment Company (Invest AD).

Abu Dhabi Investment Company is a subsidiary of the Abu Dhabi Investment Council, which is one of the State of Abu Dhabi’s largest sovereign wealth funds. Abu Dhabi Investment Company was established in 1977, by decree of the late President of the UAE, HH Sheikh Zayed Bin Sultan Al Nahyan.

More Information On Invest AD can be found on the following link:
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Philosophy & Culture

Our diverse experiences and backgrounds inspire us to challenge implied market assumptions and to uncover new insights. The following six cornerstones of our investment philosophy are adhered to by all members of the team

Research driven idea generation

Our idea generation process is primarily bottom-up, based upon proprietary company-specific research.

Attempt to reduce bias

As often as possible, we will ensure that at least one member of the decision-making team has not recently met the management of the companies we analyze or invest in.

Ideas stress testing and thought experiments

Our approach is to forecast behind a veil of ignorance, i.e. to model companies’ behaviors across a wide range of possible scenarios. Our forward-looking analysis is not a mere set of static projections into the future, rather we attempt to engage in thought experiments that include the possible reactions of management as well as other stakeholders under different environments while accounting for the company’s track record in capturing value across business cycles as well as the long-term advancement of shareholders benefits.

Disciplined Portfolio Construction

Our portfolio construction process is mandate-specific, yet it remains predominantly governed by the allocation of risk subject to our investment thesis and major convictions. Our research process produces intrinsic value ranges that are unconventionally wide, which we believe serve our goal by:

  • Challenging pre-established convictions
  • Instilling capital allocation discipline that acts as a built-in risk management framework.

We would seek to eventually commit incremental capital as data emerges in support of our thesis and as the market gradually recognizes the identified value.

Active Monitoring

Each member strives to achieve independent superior knowledge of our portfolio companies and their value creation processes. We will periodically re-challenge our views in light of emerging fundamentals and market reactions.

Robust Risk Management

Risk management in our investment process has three layers across all the mandates that we manage:

  • Investment guideline driven risk management
  • Top-down risk management layer at the overall portfolio construction level, in order to mitigate risk of overly concentrated conviction calls
  • Bottom-up scenario-based stress testing of operating and financial forecasts

Team

BOARD OF DIRECTORS
MANAGEMENT TEAM
INVESTMENT TEAM

Board of Directors

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Faras Al Ramahi Chairman of the Board

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Faras Al Ramahi

Chairman of the Board

Faras Abdulkareem Al Ramahi is the Chief Executive Officer of Invest AD - Abu Dhabi Investment Company. Mr Al Ramahi has extensive experience in asset management, corporate finance and investment banking from a career spanning 21 years. Prior to his appointment in Invest AD, he was an Advisor to the Chairman of Masdar, and was the CFO of the Farmers Service Center, a government initiative designed to commercialize Abu Dhabi’s agriculture sector which encompasses 24,000 farms, 1,500 employees and more than AED 700 million in turnover. He has previously held the role of Managing Partner at CAPM investments, a local investment advisory boutique providing advisory on listed and private equity, real estate and financial restructuring; Managing Director of the National Financial Brokerage Company; Head of the Listed Equity Department in ADIC; and Vice President of the Asset Management Division of The National Investor. Mr Al Ramahi holds a BA in Business Administration from University of Wisconsin, Milwaukee in the United States.

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Yazan Abdeen Board Member

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YAZAN ABDEEN

Board Member

Yazan Abdeen is Chief Executive Officer and Portfolio Manager at AD Investment Management in charge of building, developing and managing the business. Yazan has experience in setting up award-winning asset management practices in the UAE and Saudi Arabia through his career. Over the past 15 years, Yazan has led teams and managed a variety of MENA funds during his time at Scope Investment, SEDCO Capital, ING Investment Management and other regional investment companies. Yazan holds a Bachelor’s Degree in Mathematics and Computer Science from the American University of Beirut, Lebanon and an MBA from London Business School, UK.

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Carlos Roberto Board Member

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Carlos Roberto

Board Member

Carlos Sagra is the Risk Officer as well as a Board Member at AD Investment Management and has oversight over risk and governance matters ensuring that best practice is followed. Carlos was previously responsible for market risk management at Ashmore Investment Management in London. Prior to this he held various roles in risk and other control functions on the sell side at HSBC, UBS, Morgan Stanley and Merrill Lynch in London. Carlos holds a Bachelor’s degree in Economics and Accounting from Bristol University (UK) and a Master’s degree in Financial Economics from Cardiff University (UK).

Management Team

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Yazan Abdeen Chief Executive Officer

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YAZAN ABDEEN

Chief Executive Officer

Yazan Abdeen is Chief Executive Officer and Portfolio Manager at AD Investment Management in charge of building, developing and managing the business. Yazan has experience in setting up award-winning asset management practices in the UAE and Saudi Arabia through his career. Over the past 15 years, Yazan has led teams and managed a variety of MENA funds during his time at Scope Investment, SEDCO Capital, ING Investment Management and other regional investment companies. Yazan holds a Bachelor’s Degree in Mathematics and Computer Science from the American University of Beirut, Lebanon and an MBA from London Business School, UK.

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George Hanna, CFA, CMT Chief Investment Officer

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George Hanna, CFA, CMT

Chief Investment Officer

George joins AD Investment Management as Chief Investment Officer and Portfolio Manager with more than 15 years of institutional experience in the field of investments and derivatives trading. Most recently, he held the position of Head of Asset Management at Blominvest Saudi Arabia where he endorsed a systematic investment process and advocated research-based quantitative methods for asset allocation and security selection. Prior to that, George held various roles as commodities and international equities sales trader as well as investment and market risk analyst with regional firms. George is an avid reader and a life-long learner. He holds a BS in Finance and is a CFA charterholder and a Certified Market Technician (CMT).

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Mohammad Behzad Saleemi Finance Officer

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Mohammad Behzad Saleemi

Finance Officer

Mohammad Behzad Saleemi (Chief Financial Officer, Abu Dhabi Investment Company, Invest AD). As Chief Financial Officer Behzad oversees and is responsible for the financial and accounting functions. He brings over 25 years of professional experience, having worked in the United Kingdom and the United Arab Emirates, where he has lived since January 2011. Before moving to the Middle East, Behzad was based in the UK. Prior to joining Abu Dhabi Investment Company, Behzad was at the Royal Bank of Scotland (RBS) in the UK as Head of Financial Planning & Analysis and Head of Executive Decision Support in their Insurance and Corporate Banking divisions respectively. Behzad previously spent over eight years and held various senior finance roles including Financial Controller at the Barclays Bank and as Senior Finance Business Partner at Barclays Wealth. Prior to this Behzad worked at Mellon Bank (now Bank of New York Mellon) and Fidelity Investments in the UK. He is a Fellow member of the Chartered Institute of Bankers (FCIB), Chartered member of the Chartered Institute of Securities and Investments (Chartered MCSI), member of Institute of Management Accountants and holds an MBA.

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Carlos Roberto Risk Officer

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Carlos Roberto

Risk Officer

Carlos Sagra is the Risk Officer as well as a Board Member at AD Investment Management and has oversight over risk and governance matters ensuring that best practice is followed. Carlos was previously responsible for market risk management at Ashmore Investment Management in London. Prior to this he held various roles in risk and other control functions on the sell side at HSBC, UBS, Morgan Stanley and Merrill Lynch in London. Carlos holds a Bachelor’s degree in Economics and Accounting from Bristol University (UK) and a Master’s degree in Financial Economics from Cardiff University (UK).

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Sachin Mohindra Compliance & MLRO Officer

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Sachin Mohindra

Compliance & MLRO Officer

Sachin Mohindra is Operating, Reporting, Compliance & Anti Money Laundering Officer at AD Investment Management. Sachin possesses in-depth knowledge of equity markets and market regulation having spent over 24 years in senior investment management roles in multiple countries. Sachin has been involved in MENA markets for more than 15 years working at Invest AD, Bank Muscat and other regional investment companies/banks. Sachin holds a Bachelor’s Degree in Chemical Engineering from University of Nagpur, India and a Masters In Management Studies with a specialization in Finance from University of Bombay, India.

INVESTMENT team

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Yazan Abdeen Portfolio Manager Not visible text

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YAZAN ABDEEN

Portfolio Manager

Yazan Abdeen is Chief Executive Officer and Portfolio Manager at AD Investment Management in charge of building, developing and managing the business. Yazan has experience in setting up award-winning asset management practices in the UAE and Saudi Arabia through his career. Over the past 15 years, Yazan has led teams and managed a variety of MENA funds during his time at Scope Investment, SEDCO Capital, ING Investment Management and other regional investment companies. Yazan holds a Bachelor’s Degree in Mathematics and Computer Science from the American University of Beirut, Lebanon and an MBA from London Business School, UK.

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George Hanna, CFA, CMT Portfolio Manager Not visible text

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George Hanna, CFA, CMT

Portfolio Manager

George joins AD Investment Management as Chief Investment Officer and Portfolio Manager with more than 15 years of institutional experience in the field of investments and derivatives trading. Most recently, he held the position of Head of Asset Management at Blominvest Saudi Arabia where he endorsed a systematic investment process and advocated research-based quantitative methods for asset allocation and security selection. Prior to that, George held various roles as commodities and international equities sales trader as well as investment and market risk analyst with regional firms. George is an avid reader and a life-long learner. He holds a BS in Finance and is a CFA charterholder and a Certified Market Technician (CMT).

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Mohammad Kamal Investment Research Director

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Mohammad Kamal

Investment Research Director

Mohammad Kamal is Investment Research Director at AD Investment Management in charge of identifying and evaluating potential investments in the MENA public equities space. Mohammad possesses in-depth cross-sector knowledge of MENA markets having spent over 15 years in similar roles at Arqaam Capital, Deutsche Bank and SHUAA Capital. Mohammad holds a Bachelor’s Degree in Economics from McGill University and an MBA from London Business School, UK.

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Sleiman Aboulhosn Investment Research Director

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Sleiman Aboulhosn

Investment Research Director

Sleiman Aboul Hosn is Investment Research Director at AD Investment Management in charge of identifying and evaluating potential investments in the MENA public equities space. Sleiman possesses in-depth cross-sector knowledge of MENA markets having spent over 11 years in similar roles at Lazard, ING Investment Management and other regional investment companies. Sleiman holds a Bachelor’s Degree in Mathematics and Computer Science from the American University of Beirut, Lebanon and an MBA from London Business School, UK.

Products & Strategies

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Smart Beta Strategies

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At its core, Smart Beta refers to mandates that passively replicate the performance of an active (factor weighted) index. Our objective is to provide institutional and qualified investors with cost-efficient exposure to investment themes that are based on pre-defined fundamental factors. Such factors are expected to deliver optimal investment returns over multiple market cycles. We leverage our extensive experience analyzing drivers of return in the MENA region in order to identify persistent and intuitive factors that form the basis of our proprietary methodologies rendered transparent through partnerships with globally renowned index providers.

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Continuous Distribution Strategy

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The strategy is a long-only balanced investment solution focused on MENA equities and fixed income that leverages our investment process of idea generation to create a low volatility portfolio that delivers attractive yields. Our objective is to provide institutional and qualified investors exposure to MENA capital markets with a predominant focus on yield, thereby enabling the fund to distribute quarterly cash returns. The strategy aims to create a continuous income stream for investors.

Note: The fund fact sheet requires an access password. Please send an email to info@adim.ae for access details.
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MENA Long Only Strategy

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What we call internally “The MENA Sovereign Strategy”, is a MENA equities (long only) investment strategy that utilizes our investment process of idea generation while abiding by strict deviation limits relative to the benchmark. This strategy is offered through our UCITS compliant SICAV fund in Luxembourg, and adheres to additional investment guidelines that control its active risk, by imposing specific exposure limits. Our objective is to provide institutional and qualified investors a long exposure to the MENA Equity markets, building on our comprehensive investment process to drive long term outperformance over the benchmark. The strict exposure guidelines aim to intrinsically reduce volatility in alpha.

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MENA Absolute Strategy

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The strategy is a long/short purist MENA equity solution designed to provide absolute returns regardless of market direction. During different market cycles, the strategy will maintain specific tilts, long or short, driven by stock selection and a macro overlay. The strategy would also be able to hedge its convictions in MENA equities thereby resulting in (attempting to achieve ) lower volatility. The combination of the strategy’s tactical tilt at any given point in the cycle and its pair trades aim to generate a portfolio return that is significantly less volatile than that of the market. Our objective is to provide institutional and qualified investors an absolute return investment solution which delivers returns in excess of risk free rate per unit of total risk.

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Contact

Email: info@adim.ae
Fax: +971 2 692 6876
P.O. Box: 46309
Address: Office 3419, Floor 34, Al Maqam Tower
Abu Dhabi Global Market Square
Al Maryah Island, Abu Dhabi, UAE

PRIVACY POLICY AND DISCLAIMER

Privacy policy - We respect your right to privacy and will protect it when you visit our website. The website collects no personal information about you when you visit our website unless you specifically and knowingly choose to provide such information. If you choose to provide information to us, we use it only to fulfill your request for information or services.

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Important information - This material is provided by AD Investment Management Limited (ADIM), which is a subsidiary of Invest AD (Abu Dhabi Investment Company). Address: Office 3419, Floor 34, Al Maqam Tower, ADGM Square, Al Maryah Island, Abu Dhabi, UAE. The analyses and opinions expressed in this material represent the subjective views of the author or ADIM, as of the date indicated, may no longer be current, and are subject to change without notification as a result of market events or other conditions. There can be no assurance that developments will transpire as forecast in this material. This material is for information purposes only to institutional investors. The provision of this material and/or reference to specific securities, funds, investment services, sectors, or markets within this material does not constitute investment advice, or a recommendation or an offer to buy or to sell any fund or security, or an offer of service. Investors should consider the investment objectives, risks, and expenses of any investment carefully before investing. This material may not be distributed, published, or reproduced, in whole or in part without the express permission of ADIM.

Contact disclaimer - Please be alert and confirm the authenticity of any emails or documents you receive that purport to be from ADIM. Please note, all Invest AD emails use our company email format: first-letter-of-the-first-name, family-name@adim.ae. Please check the spelling of all email addresses carefully. ADIM is not responsible for any communications sent by an unauthorized individual. ADIM cannot and will not honor any commitments or promises made by an unauthorized individual. If you have any questions about this or want to notify us of any suspicious communication, please contact us at: fraudreport@investad.com.