EFG Hermes to invest $21.5 million in Frontier Investment Management Partners
FIM has grown over the past few years to become one of the region’s leading managers with $1.6 billion of assets under management
Dubai:
EFG Hermes UAE Limited said it has entered into definitive agreements to invest $21.5 million (Dh79 million) in Frontier Investment Management.
“In order to achieve the targeted synergies from this investment, EFG Hermes will seek the consent of its clients to contribute its regional (non-Egypt related) portfolios and funds into FIM during the coming six months,” EFG Hermes said in a statement.
Established in 2008, FIM has grown over the past few years to become one of the region’s leading managers with $1.6 billion of assets under management and a management team with a stellar track record of investing client money.
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