It combines the characteristics of a developing Middle Eastern economy with a well established democracy and strong industrial base. This makes it attractive to investors seeking both growth and stability.

It has also proved an attractive investment location for investors in the region looking to diversify away from energy.

Demographically Turkey is positioned for further growth. It has a younger population than any of the BRICs save India, yet fertility rates have fallen to Western levels, placing it in a demographic sweet spot for falling inflation and rising consumer spending. 

Geographically too Turkey will continue to benefit as a bridge between east and west.

Robust oil prices, a growing level of GCC solidarity and a determination by the Bahrain authorities to bring back stability have also helped to restore the country’s business-friendly reputation.

In addition, unrest in other parts of the MENA region – notably Syria, where there has been a series of massacres, and northern Lebanon, where the authorities have clashed with protestors – has taken the attention of the international media off Bahrain. The lack of negative attention could be a factor in rising confidence about Bahrain’s economic prospects.

The next four to five years will be crucial for Bahrain in how it develops as a financial hub linking the growing Asian economies with developed markets in the West.

FCP Maghrebia Dynamique from Tunisia and Rasmala GCC Fixed Income Fund  were the other performers.

According to the Zawya Funds Monitor, EFG-Hermes Egypt Fund took pole position with a quarterly return of 31.6%, followed by ABC First Equity Fund, EFG-Hermes Egypt Growth Fund, Misr Al Mostakbal Investment Fund, and Suez Canal Bank fund.

The appointments come as TresVista looks to expand its service offerings. 

Kolff was a partner at Apollo and prior to that he worked at Ripplewood and Morgan Stanley. He sits on the boards of several businesses including Cellpoint, Global Shares, Imprima, and Joto Sake.

Kawkabani
 was the co-founder of Algebra Capital, based in Dubai, and served as its chief investment officer after its acquisition by Franklin Templeton. Prior to that, he headed equity asset management at SHUAA Capital. Before joining SHUAA, he was an investment advisor at Arab Finance Corporation in Beirut.
With offices in Mumbai and London, TresVista is a provider of high-end research, analytics and other customized financial services ranging from valuation analysis, financial modeling and knowledge process outsourcing to advisory work, research, and due diligence.