Barometer Capital Management Ltd, a top performing asset management company based in Canada, visited Karachi, with the intention of doing due diligence for a potential joint venture with Dawood Capital Management Ltd of shariah-compliant funds.
Barometer's global expertise includes management of assets of high net worth clients internationally and they are currently managing funds over $1 billion in Canada, US and other countries. DCM is very excited and hopeful for the future of asset management in Pakistan and believes collaborating with the best in the world is a step in the right direction to revitalise our industry. Financial sector has also termed this visit a positive sign for Pak-Canada business relationship.-PR