Ajeej Capital Jobs

Overview

Ajeej Capital is being formed to be the leading independent asset management company focused on the Middle East and North Africa (MENA) region. Ajeej Capital will launch The Orient MENA Hedge Fund (the “Fund”) which will aim to exploit attractive risk-return opportunities in the emerging markets of the MENA region by primarily taking long-term mainly long positions in attractively valued companies with a solid shareholder base and strong management teams and attractive growth prospects in solid industries. The Fund is unique (i) in it being managed by a strong and local team with superior track record who managed the MENA investments of The Olayan Group, the premier investment group in Saudi Arabia and the region; (ii) in management investing a substantial portion of their wealth of at least $10m in the Fund indicating their strong commitment and continuity of their strategy and belief in the opportunity in the MENA region, and (iii) the Fund Manager being an independent investment management company owned by its management which is unique in the MENA region.
Exceptional Management Track Record

The management of the Fund followed a similar strategy since year 2003 consistent with its current proposed investment strategy. Such strategy resulted in a substantial Alpha and reached a performance track record as high as 25x (2,500%) since 2003 on a levered-portfolio basis and as high as 75x (7,500%) on an externally-levered basis. Such performance was also achieved with a relatively low risk exposure highlighted in PEG ratios being under 1.0 and in most cases under 0.5. The managers do not expect such performance to be repeated but strongly believe that highly attractive risk-adjusted returns are very attainable in the MENA region over the coming 3-5 years. Attractive MENA Markets Fueled by Oil The MENA markets experienced unparalleled appreciation starting from year 2003 which finally led to pronounced market crashes in late 2005 and early 2006. While many fundamentally strong companies experienced exceptional earnings growth, valuation of certain markets and especially of speculative companies reached excessive levels destined to crash. Such crashes and significant corrections created an opportunity for the Fund to invest at more attractive valuations while enjoying very strong underlying economies and strong corporate earnings growth supported by substantial petrodollar liquidity striving to seek regional investment opportunities especially in the post Sept 11 world. Whilst there remains a dearth in the sophistication of capital markets in general and equity markets specifically, there has been an evolution in the last years, and a clear flight to quality.

Highly Experienced, Capable, and Local Management Team

Investing in the MENA region requires a close and thorough understanding of the markets and the players along with the skill base. Management strongly believes that in-depth understanding of, and physical presence in, the region is critical to access the right information flow.