Goldilocks announce its full year 2019 performance

The fund's unique and differentiated strategy continues to generate superior value for investors

  
  • The fund’s cumulative net return since inception of 134% outperforms the MSCI UAE’s cumulative return of -14% during the same period
  • The fund remains bullish on insurance, oil & gas, real estate and financial services with gross AUM of $548m 

Abu Dhabi, UAE: Goldilocks (“Goldilocks” or “Fund”) the open-ended, ADGM-domiciled fund launched in July 2015 and managed by ADCM Altus Investment Management Limited which is part of ADFG-SHUAA, announced that it has achieved an internal rate of return (IRR) of 27.9% and a cumulative net return of 134% since its inception as of December 31, 2019 with a -7% net return for the full year 2019, compared with net return of 4% for MSCI UAE in 2019.

By deploying an opportunistic long-term investment strategy, also known as constructive activism, the fund continues to generate superior long-term returns via direct investments in GCC-listed equities as well as other undervalued and mispriced assets. Goldilocks also continues to drive several successful turnarounds for its portfolio entities including GFH Financial Group, Dana Gas, Salama and Eshraq Investments.

The fund, though currently focused on insurance, oil & gas, real estate and financial services, is keen to explore investment opportunities in other sectors as well. Through its unique investment approach, the fund has supported the growth of its portfolio companies.

Despite ongoing macroeconomic and geopolitical challenges, the fund’s portfolio companies have reported robust performance over the years, demonstrating strong business fundamentals and efficient management.

-Ends-

About Goldilocks:

Goldilocks is an open-ended fund launched in 2015 and managed by ADCM Altus Investment Management Limited. Visit www.goldilocksfund.com for more information.

For media inquiries, please contact:
Hani El Abid
helabid@adfg.ae
Abu Dhabi, UAE
Tel: +971 2 610 8200

Dhanya Issac / Tarek Zahnan
Dhanya.issac@bcw-global.com  / Tarek.zahnan@bcw-global.com
Dubai, UAE
Tel: +971 4 450 7600

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.