GIB unveils Falcon fund via UK unit

Gulf International Bank (GIB) has launched its Falcon Capital Protected Relative Value Fund through its UK subsidiary.

The fund offers capital protection on maturity, and attracted over $30 million for its first share series. More will be available in coming months.

The funds have been marketed specifically to those who are seeking medium-term capital growth from the equity markets. This is regardless of whether stock markets go up or down.

The capital protection element is being provided in conjunction with Barclays Bank.

The structure allows investors liquidity on a monthly basis.

GIB's asset management division has developed the relative value investment strategies utilised by the fund over the last ten years.

"The Falcon Capital Protected Relative Value Fund is further evidence of the strength of GIB as a leading provider of investment products in the Gulf," said David Waite, head of asset management at GIB.

"This investment product allows investors exposure to the highly successful market neutral relative value strategies with the comfort of a Barclays-backed capital protection at maturity after five years."