Daman Investments, a private sector UAE-based investment management firm, announced the launch of the Daman Fifth Fund which is a $54 million closed-ended fund.
According to the firm, the Daman Fifth Fund is a new mutual fund that will focus on blue-chip equities listed on the GCC financial exchanges, debt products and commodities, and targets an Internal rate of Return of 25% per year.
Daman Investments is listed in the Middle East Investors Directory with the code OR15.
Their full release follows
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