DUBAI, United Arab Emirates--(BUSINESS WIRE)--Oct 6, 2026--
ASB Capital, a purpose-driven asset and wealth management firm with assets under management (AUM) of USD 10.2 billion, announced the launch of the ASB Principal Multi-Asset Fund (the Fund) in partnership with Principal Asset Management ®. The Fund is designed to provide investors with diversified global exposure across multiple asset classes through a single offering.
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The ASB Principal Multi-Asset Fund invests in equities, fixed income, and private markets offering investors a broader approach to diversification. Through the partnership, the Fund combines ASB Capital's investment platform and client reach with the global asset allocation capabilities and investment expertise of Principal.
The launch supports ASB Capital's strategy to develop investment solutions aligned with clients' income, diversification, and liquidity requirements. It also provides clients with an accessible core portfolio solution to obtain diversified exposure across markets, asset classes, and investment strategies.
Commenting on the launch, Rafik Nayed, Managing Director of ASB Capital, said: “The ASB Principal Multi-Asset Fund has been designed for investors seeking diversified global exposure through a single, actively managed solution. Rather than requiring clients to construct and continuously manage allocations across separate funds and securities, the Fund brings these exposures together within a disciplined investment framework that can respond to changing market conditions.”
He added: “Our partnership with Principal combines its global investment and asset-allocation capabilities with ASB Capital’s platform and comprehensive product suite. The inclusion of both public markets and selected private-market opportunities expands the investment universe available to clients and represents another important step in building a comprehensive range of solutions across different risk profiles and investment horizons.”
“Effective multi-asset investing requires investors to draw on a broad opportunity set and actively assess where risk-adjusted returns can be found across public and private markets. Through this collaboration, ASB Capital can access the global asset allocation expertise and specialist investment teams across equities, fixed income and private markets offered by Principal to help deliver a diversified solution tailored to the needs of investors in the Middle East,” said Thomas Cheong, Executive Vice President of Principal Financial Group and President of Asia Pacific and Middle East.
The launch further expands ASB Capital’s investment platform across public and private markets and reinforces its objective of delivering managed solutions aligned with clients’ evolving portfolio-allocation requirements.
Learn more at www.PrincipalAM.com
[1] Pensions & Investments, “The Largest Real Estate Investment Managers,” 10 November 2025.
[2] As of June 30, 2026.
[3] Pensions & Investments, “The Best Places to Work in Money Management” among companies with 1,000 or more employees, December 2025.
* Source: AETOSWire
ASB Capital Launches Global Multi-Asset Fund with Principal Asset Management® (Photo: AETOSWire)
STOCKHOLM (AP) — Francis Halzen won the Nobel Prize in physics on Tuesday for his efforts to demystify a rare group of neutrinos, tiny cosmic particles that scientists believe offer clues to how the universe evolved.
“It was a great surprise and I obviously didn’t expect it,” Halzen said, speaking to the committee by phone from Italy, in a call broadcast at the news conference to announce the winner.
Halzen said it was predicted before that he would win the Nobel Prize but the announcement still made him feel “strange.”
“I am working on a proposal, and I hope that this prize will help getting it approved,” he said to chuckles from the audience.
The Nobel Committee for Physics also said Halzen’s work was instrumental to the construction of the IceCube Neutrino Observatory in Antarctica.
“Francis Halzen realized that the ice at the South Pole could visualize these neutrino messengers from cosmos,” committee member Eva Olsson said during the news conference. “People joined him in the quest for these neutrino messengers. The messenger is bringing information from cosmos. They opened the door to distant galaxies and tell us about the processes of exploding stars.”
Born in Belgium, the 82-year-old scientist is affiliated with the University of Wisconsin–Madison in the U.S, which operates the IceCube Neutrino Observatory. Efforts by The Associated Press to reach him were not immediately successful.
Neutrinos are tiny cosmic particles with a mind-bogglingly small mass. Yet they are everywhere: they spew from stars like the sun and trillions zip through our bodies every second.
Scientists can’t glimpse the mysterious ghost particles zooming around on their own. Instead, they measure what happens when the tiny particles collide with other bits of matter, producing flashes of light or charged particles.
Halzen helped pull the curtain back on a rare gang of neutrinos that scientists consider messengers from the cosmos, offering clues to how the universe evolved.
“This experiment in the Antarctic is a revolutionary way of understanding the universe that we didn’t have before,” said Michael Moloney, chief executive officer for the American Institute of Physics.
In a post on social media, Belgian Prime Minister Bart De Wever sent his “sincere congratulations” to Halzen, who he said is the 11th Belgian to win a Nobel prize.
De Wever called the award “impressive recognition for a lifetime dedicated to shedding light on the great mysteries of the cosmos through its smallest components.”
A representative from the IceCube Neutrino Observatory did not immediately return a request for comment. The University of Wisconsin–Madison did not immediately have a comment when reached by the AP.
Ellen Moons, secretary-general of the Royal Swedish Academy of Sciences, announced the award Tuesday in Stockholm. She is the first woman to head the prestigious academy and present the award.
The prize money this year is 12 million Swedish kronor (about $1.2 million), whether for an individual, a small group of laureates or an organization.
Last year, three scientists won the Nobel Prize in physics for research on the strange behavior of subatomic particles called quantum tunneling that enabled the ultrasensitive measurements achieved by MRI machines and laid the groundwork for better cellphones and faster computers.
The announcements of this year's prizes began Monday with the Nobel Prize in medicine being awarded to three scientists whose work led to a tool that uses light to help unravel how the brain works.
This week's awards continue Wednesday with the chemistry prize and literature on Thursday. After Friday’s peace prize is awarded, the Nobel Memorial Prize in Economic Sciences will be announced on Monday.
Dazio reported from Berlin and Ramakrishnan reported from New York. Alexa St. John in Detroit contributed to this report.
AP Nobel Prizes: https://apnews.com/hub/nobel-prizes
A portrait of Francis Halzen is shown on the screen during the announce of the recipient of the 2026 Nobel Prize in Physics at the Royal Swedish Academy of Sciences, Stockholm, Sweden, Oct. 6, 2026. (Christine Olsson/TT News Agency via AP)
A portrait of Francis Halzen is shown on the screen as Eva Olsson, Ellen Moons, and Mark Pearce announce as the recipient of the 2026 Nobel Prize in Physics during a press conference at the Royal Swedish Academy of Sciences, Stockholm, Sweden, Oct. 6, 2026. (Christine Olsson/TT News Agency via AP)
FILE - A Nobel diploma and medal are displayed, Dec. 8, 2020, during a ceremony in New York. (Angela Weiss/Pool Photo via AP, File)
FILE - A bust of Alfred Nobel on display following a press conference to announce the Nobel Committee for Physiology or Medicine at the Karolinska Institute in Stockholm, Sweden, on Oct. 3, 2022. (Henrik Montgomery/TT News Agency via AP, File)
