GLG Partners Hires MENA Expert

Sep 6 2010 | 8:57am ET

Global hedge fund firm GLG Partners has appointment Mark Diab as a portfolio manager. Diab will take responsibility for MENA equities within the GLG emerging markets team and will report into Bart Turtelboom and Karim Abdel-Motaal, GLG’s co-heads of emerging markets.

“We are delighted that Mark is joining GLG – his knowledge of the MENA region, as well as his broad investment and financial services experience will be an added strength to the GLG emerging markets team. He has a fantastic investment track record and we look forward to the significant contribution that Mark will bring to the firm going forward,” said Turtelboom.

“Mark’s approach to managing portfolios fits very well with our style,” said Abdel-Motaal. “The GLG emerging markets team differentiates itself by focusing on controlling volatility in the different funds.  As risk budgeters, we target 10% annualized volatility and maximize returns within this constraint.  The result is a highly liquid portfolio that tends to be market neutral - uncorrelated to major equity and bond indices.”
Diab joins GLG from over four years at AMWAL, a Qatari investment bank where he was a managing director responsible for the bank's equity asset management division, including the management of two mutual funds, several institutional client portfolios and AMWAL’s own proprietary capital. 

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