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Beltone Financial and Altree Capital announce alliance

Together, both firms are planning to offer several asset management products to investors everywhere.
Beltone Financial | 22.08.2012
Beltone Financial, the asset manager in Egypt with over $4bn in AUM, and Altree Capital, the award-winning African asset management house, have announced the formation of Altree Beltone Capital Ltd., a joint venture focused on delivering investment management and advisory services to local and international investors.

We are excited by the opportunity to establish Altree Beltone Capital as one of the Middle East and Africa region's pre-eminent asset management firms. By leveraging Beltone's extensive Middle East & North African footprint and Altree's industry-leading African track record, the firm will offer a wide range of asset management products to institutional and retail investors across the globe.

This strategic alliance brings together award-winning investment performance, best-in-class research capabilities and unparalleled local resources across Africa and the Middle East. Altree Beltone Capital will manage equity investments across the region and serve as Investment Manager / Advisor to the Altree Beltone Africa Opportunities Fund and Beltone Gems MENA Equity Fund.

Beltone Financial is a regional financial services group operating in the fields of asset management, investment banking, private equity, securities brokerage, custody and research. The company is headquartered in Cairo and has affiliate offices spanning Europe and the Middle East, to better reach and service its client base. The Group has been pioneering the market with a number of its subsidiaries such as its Asset Management arm being the largest in Egypt in terms of assets under management and its Brokerage arm, ranking number 1 in trading in first half of 2012.

Altree Capital is a wholly owned subsidiary of Altree Financial, an integrated financial services group with offices throughout Africa, Asia, Europe and the Americas. The company independently owns and operates a number of premier financial service subsidiary companies across Africa and has successfully achieved an outstanding track record of operational excellence in the fields of asset management, corporate finance, trust / fiduciary services, fund administration, global custody and market data / research.