Wednesday, 27 May 2015
Last updated 7 hours ago
Mar 25 2013 | 8:44am ET
Qatari investment bank QInvest has launched the world's first open architecture Sharia-compliant managed account platform.
The QInvest Managed Account Platform, which allows investors to access asset classes like hedge funds and mutual funds, has launched with Eagle Capital Management, Edgewood Management and GAM. The platform's operational processes have been built in conjunction with Nomura International.
Tamim Hamad Al-Kawari, QInvest's CEO, said in a statement: "QMAP is a pioneering solution managed by professional team of experts and associated with world class groups. Fund managers, for instance, have to pass strict selection criteria covering investment processes, operational and risk controls. The first funds have been off to a strong start and are already amongst the best funds within their peer groups."
The investment bank said it will add “more funds and bespoke client investment propositions” over the coming months.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…