Hamed Mokhtar, Managing Director, Describes Philosophy Behind New Fund
DUBAI, United Arab Emirates - Wednesday, July 10th 2013 [ME NewsWire]
(BUSINESS WIRE)-- Hamed Mokhtar. Managing Director and Chairman of the Fortress Investment Committee, has established a strong track record of success in generating positive returns for his clients. A specialist in US equities, Mokhtar has consistently outperformed the market and capitalized on unique asset allocation strategies focused on value investing. Fortress has achieved this by maintaining capital provision ratios of 1:1, as well as a maximum investor rate of return of 8.75%. “Our philosophy is to invest in global securities that are underpriced or undervalued due to a combination of negative market factors – whether they be environmental, political, or sector specific” says Mokhtar.
During these challenging economic times, most asset managers have chosen to invest in conservative asset classes, such as government bonds, corporate bonds, and index funds. While Fortress agrees with implementing this asset preservation model, it does so without sacrificing higher than average returns, which it achieves by identifying and securing margins of safety within the global equities and precious metals markets. Mokhtar states “Gold has gone up by 600% over the last ten years; silver has gone up even more. Opportunities still exist to capitalize on further gains”
Over the past two years, Fortress has been able to secure capital commitments in excess of $800 million US dollars, an impressive figure, given the current economic climate. “This was achieved through our past and present clients’ continued faith in our management capabilities, as well as their positive expectations for our future performance,” says Hamed Mokhtar. “We continue to deliver our clients above benchmark yields and hope to continue to do so into the future” he adds. While the Dow Jones Industrial Average has increased 8.8% over the last twelve months, many of Fortress’ holdings – such as Bank of America, Bank of Ireland, and Genworth Financial – have increased 115%, 46%, and 18% respectively.
The only true measure of a firm’s success is its performance. Mokhtar states that “once clients understand our established track record of success, coupled with our firm’s sound investment strategy, placing capital with Fortress Investments becomes an integral part of their long-term savings strategy.” Fortress Investments is an Abu Dhabi based Investment Firm, with branch offices located globally.
Contacts
Fortress Investments:
Sawsan Yabroudi, Phone: +971.4.338.2488
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