Launched in 2007, the Ajeej MENA Fund is the flag ship fund of Ajeej Capital.
The AMF is registered and regulated by the Cayman Islands Monetary Authority.
The investment objective of the fund is to generate long term capital appreciation through a basic fundamentally-driven approach which aims to exploit attractive risk-return opportunities primarily in the broader Middle East and North Africa (MENA) region. The AMF’s portfolio is typically comprised of 20-25 names, with the top 5 positions accounting for approximately 30% to 50% of the portfolio. The fund does not employ any geographic strategic asset allocation, but rather derives its country allocations from bottom-up convictions, with the macro view limiting country exposure from a risk perspective.
The fund has the ability to take concentrated positions in companies after being vetted through various stress tests both quantitatively and qualitatively.
This fund is benchmark agnostic in its construction; however, the S&P Pan Arab Composite Large & Mid Cap NTR Index is used to determine performance fees on the relative shares class(es).