FinaMaze, a hybrid asset manager regulated by the Abu Dhabi Global Market, said it will start to offer prime retail investors access to its algorithm-powered investment solutions across asset classes.
A hybrid asset manager offers investment advice through a combination of human experience and machine learning outcomes.
FinaMaze defines prime retail investors as those who invest a minimum of $2,000.
Our view is that you cannot have a sound investment with $100. It is only beyond a certain amount that our algorithms can serve you best
Mehdi Fichtali,
founder and chief executive of FinaMaze
“Our view is that you cannot have a sound investment with $100. It is only beyond a certain amount that our algorithms can serve you best,” Mehdi Fichtali, founder and chief executive of FinaMaze, said on Tuesday.
While only professional investors had access to the wealth manager’s investment products until now, FinaMaze said gives prime retail investors access to 10 diversified investment themes, according to a statement from the FinTech company.
Elite professional investors (with more than $500,000 in wealth) have access to 38 diversified investment strategies on the wealth manager’s platform, Mr Fichtali said.
Robo-advisers have become popular within the wealth management sector because algorithms can crunch large and intricate data sets across different parameters faster, more precisely and at greater volumes than most people.
In addition, they reach a historically underserved market of middle-class investors unable to obtain access to portfolio management services due to minimum investment requirements.
FinaMaze customises profiles for investors from thousands of different options and then offers investment advice based on a combination of human experience and machine-learning outcomes.
The company was launched during the FinTech Abu Dhabi 2020 forum in November 2020 and is regulated by the ADGM’s Financial Services Regulatory Authority.
The site’s in-house AI algorithm uses this information to determine each investor’s personality.
“Our profiling questions do not only take into account the client’s personal situation, wealth, experience and objectives, but also dig deeper to understand how they behave in the face of risk,” Mr Fichtali said.
Clients then pick one or more investment themes – FinaMaze calls it a SmartFolio – across regional and global financial markets.
Retail investors can choose from diversified FinaMaze portfolios, with each one having a special focus.
Some of the available SmartFolios include global stocks; environmental, social and governance; Islamic (investing in Sharia-friendly stock indices); fixed income; currencies and commodities (sovereign bonds from G10 and emerging countries, G10 currencies and emerging market currencies, precious metals, oil, silver and renewable energy), Mr Fichtali said.
Retail investors can also consider other investment themes such as stock markets in the US, Gulf region, China and India, or sectors such as technology or G10 property.
FinaMaze charges a fee that ranges between 0.45 per cent and 0.85 per cent of a client’s investment per year, Mr Fichtali said.
Each SmartFolio is built, monitored and rebalanced by FinaMaze algorithms under the supervision of the FinaMaze investment team.
This allows it to remain suitable for an investor’s risk appetite and parameters, the company said.
The FinTech company launched two new investment themes – cryptocurrency and inflation protection – for professional investors in June this year in response to rising demand for digital assets.
It claims to be the first robo-advisory offering cryptocurrency investment solutions in the Mena region.
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Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
Challenge Cup result:
1. UAE 3 faults
2. Ireland 9 faults
3. Brazil 11 faults
4. Spain 15 faults
5. Great Britain 17 faults
6. New Zealand 20 faults
7. Italy 26 faults
Earth under attack: Cosmic impacts throughout history
- 4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon
- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.
- 50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater
- 1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.
- 1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.
- 1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.
-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.
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What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
- September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
- October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
- October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
- November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
- December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
- February 2, 2018 Bodytree will host its 4th annual yoga market.
Sheikh Zayed's poem
When it is unveiled at Abu Dhabi Art, the Standing Tall exhibition will appear as an interplay of poetry and art. The 100 scarves are 100 fragments surrounding five, figurative, female sculptures, and both sculptures and scarves are hand-embroidered by a group of refugee women artisans, who used the Palestinian cross-stitch embroidery art of tatreez. Fragments of Sheikh Zayed’s poem Your Love is Ruling My Heart, written in Arabic as a love poem to his nation, are embroidered onto both the sculptures and the scarves. Here is the English translation.
Your love is ruling over my heart
Your love is ruling over my heart, even a mountain can’t bear all of it
Woe for my heart of such a love, if it befell it and made it its home
You came on me like a gleaming sun, you are the cure for my soul of its sickness
Be lenient on me, oh tender one, and have mercy on who because of you is in ruins
You are like the Ajeed Al-reem [leader of the gazelle herd] for my country, the source of all of its knowledge
You waddle even when you stand still, with feet white like the blooming of the dates of the palm
Oh, who wishes to deprive me of sleep, the night has ended and I still have not seen you
You are the cure for my sickness and my support, you dried my throat up let me go and damp it
Help me, oh children of mine, for in his love my life will pass me by.
Western Clubs Champions League:
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New Zealand 15 British & Irish Lions 15
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Conversions: B Barrett
Penalties: B Barrett
British & Irish Lions 15
Penalties: Farrell (4), Daly
