Wednesday, 25 November 2015
Last updated 4 hours ago
May 15 2007 | 11:38am ET
Global Investment House has launched the Global Islamic Fund of Funds, an open-ended vehicle investing in local and international Shariah-compliant funds.
The offering’s strategy is to invest the majority of its assets in a core of carefully selected Islamic funds that complement each other in risk and return, according to the firm. It will also invest in low risk instruments to reduce the overall volatility of the portfolio. Additionally, the fund may invest in all types of funds similar to equity, real estate, hedge funds and private equity funds compliant with the Islamic law.
Global has teamed up with AlRayah Consultancy to review and confirm that all the underlying managers comply with the Shariah.
The fund’s minimum subscription is US$25,000 with a monthly subscription frequency and quarterly redemptions after the lockup period.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…