NewDawn GSE Asset Management Limited, a wholly-owned subsidiary of DIC Asset Management (‘DICAM’) and the General Partner for the US$2 billion Global Strategic Equities Fund (‘GSEF’), today announced that it has made a substantial investment in Sony Corporation (‘Sony’), one of the world’s premier consumer electronics and entertainment companies. The investment is the third by GSEF in Global Fortune 500 companies following the recent purchase of substantial stakes in HSBC Holdings plc and EADS N.V.

Sameer Al Ansari, Executive Chairman and Chief Executive Officer of Dubai International Capital LLC, said: “Sony provides GSEF with a compelling investment case, consistent with our mandate of supporting premier global companies. Whilst the restructuring process at Sony is well advanced, the recent successful listing of Sony Financial Holdings is evidence of management’s ongoing strategy of focusing on capital efficiency and cash generation. The combination of Sony’s truly global brand, its leadership in product design and its global footprint will spur the business’ medium term growth as it capitalises on positive underlying trends and emerging technologies.”