​With two of its money market funds topping the market’s performance in 2009, the firm looks forward to a fruitful year ahead The Fixed Income desk at EFG Hermes Asset Management continued its outstanding performance in 2009. The leading asset manager in the Arab world, with around USD 4.5 billion of assets under management, ended the year 2009 with the two best-performing money market funds in the Egyptian market. In 2009, the Bank of Alexandria Money Market Fund topped the ranking of the Egyptian Investment Management Association (EIMA), and was the best performing fund in its category for the two-year and three-year periods just past, as well. The fund was followed closely in the EIMA ranking by another EFG Hermes-managed money market fund, National Societe Generale Bank’s Themar Fund, solidifying the firm’s status as one of the best fixed income managers in the market. In addition to leading in performance, the BOA Money Market Fund has retained its position as the Best Conventional Money Market Fund in Egypt in Zawya’s funds ranking for the second consecutive quarter. The fund also received regional recognition in the annual MENA Fund Manager awards where it was named the region’s Money Market Fund of the Year. “Our strong performance in a very challenging year can be credited to the experienced investment team managing the assets, and was only possible with the unwavering support from sponsor banks,” said Khalil El Bawab, Director of Fixed Income at EFG Hermes Asset Management. The firm’s Fixed Income desk got off to a strong start in 2010, with the Credit Agricole III Money Market Fund leading the market in year-to-date performance. Heading into 2010, El Bawab expects investor interest in fixed income products in Egypt to continue to thrive.