LONDON, December 15, 2014 /PRNewswire/ --
London-based magazine International Finance Magazine has awarded the 2014 award for 'Best New Islamic Asset Manager, UK' to Arabesque Asset Management. The trophy and certificate were presented at a prestigious gala dinner in the ballroom of the Jumeirah Carlton Tower in London.
(Logo: http://photos.prnewswire.com/prnh/20140115/663464)
Arabesque Asset Management was established in June 2013 through a management buy-out from Barclays Bank PLC, which developed the technology from 2011 to 2013 in cooperation with professors from the universities of Stanford, Oxford, Cambridge, Maastricht and the German Fraunhofer Society for the advancement of applied research.
Headquartered in London, Arabesque offers a quantitative approach to sustainable investing.It combines state of the art systematic portfolio management technology with the values of the United Nations Global Compact, the United Nations Principles for Responsible Investments (UN PRI), and balance sheet and business activity screening. Sustainability criteria are used to support fundamental and quantitative analysis, to reduce portfolio risks and to generate consistent outperformance.
Led by founder and CEO Omar Selim, Arabesque also has a large research hub in Frankfurt, together with an advisory board of highly respected industry leaders and academics. The company is a member of both the UN Global Compact and the UN PRI, together with the Accounting and Auditing Organization for Islamic Finance Institutions (AAOIFI).
Dr Dominic Selwood, General Counsel andPartner, on receiving the award said: "It is an enormous privilege to win the 2014 award for 'Best New Islamic Asset Manager'. We are delighted the judges share our belief that sustainability is a core strategy shaping the future of asset management, and we are honoured to be recognised for applying quantitative technology to make it global."
According to the UK Islamic Finance Secretariat, the global market for Islamic finance was worth around $1.3 trillion at the end of 2013, with the UK acting as Europe's leading centre for Islamic finance with $19 billion of reported assets.
Read the full story: http://tinyurl.com/qal5ogx
Pictures of the awards ceremony: http://tinyurl.com/ljs5nu8
Pictures of the summit on EU Islamic Banking and Finance: http://tinyurl.com/nfp2tfp
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