LR Global Bangladesh receives Investment Management Award 2014
Filed Under: Business, Markets | Posted: 07/20/2014 at 2:12PM
Comments | Region: New York | United States
LR Global Bangladesh Asset Management Company Limited has recently been awarded the Best Investment Management Company among five finalists in Bangladesh and received the “Investment Management Award, 2014″ second year in a row by World Finance, a leading financial publication of United Kingdom. Among others, SBI Funds Management India, NDB Wealth Management Sri Lanka, BMA Funds Pakistan, BOCI Investment Management China, AmInvest Malaysia, BNP Paribas Partners Indonesia, HSBC Saudi Arabia, Western Asset Management Singapore and T. Rowe Price US (equity strategies) were also awarded the Investment Management Award, 2014 in their respective countries in Asia. Web Link [ http://www.worldfinance.com/awards/investment-management-awards-2014 ]
This is the second year of World Finance’s extending the award in the category on Investment Management Company in Bangladesh. The Investment Management Company was evaluated based on the performance in the past year including its financial statures, investment policies & visions, long term strategies and risk management techniques.
Established in 2009, as one of the first multinational asset management companies in Bangladesh, LR Global Bangladesh was founded by Mr. Reaz Islam (Chief Executive Officer) and LR Global Partners. LR Global Bangladesh has become the second largest asset management firm in Bangladesh and manages six mutual funds with portfolio of approximately USD 120 million invested across equity and fixed income securities. Its investment, since inception, has substantially outperformed the Dhaka Stock Exchange Broader Index by 10.7 percent and has delivered an annualized return of approximately 7 percent while the Bangladesh market has generated negative returns. ‘LR Global’ focuses on Frontier Markets, with offices in New York, Bangladesh, Singapore, Sri Lanka, and Vietnam. LR Global was established in 1997 as an investment vehicle providing the Rockefeller Family and a select group of sophisticated investors with exposure to developing markets. With over 17 years of experience, LR Global has a long track record of success in the Frontier Market space.