Thursday, 28 August 2014
Last updated 3 hours ago
Oct 22 2007 | 7:20am ET
A Kuwaiti money manager is prepping a $100 million Shariah-compliant hedge fund product, hoping to take advantage of the growing demand for investment products that comply with Islamic law. However, the fund plans to use a limited amount of short-selling, which some argue contravene Islamic bans on lending on interest and gambling.
Ryada Capital Investment Company, the firm behind the fund, told Reuters that there is huge liquidity in the region and strong demand for this type of product. It rejects the notion that short-selling goes against Shariah law.
“We have it there just in case we need it,” Ryada CEO Jamal al-Saeed told the news agency. “Speculation happens. It’s human nature. But it’s not the essence of the fund.”
The fund, which boats a $1 million minimum subscription, will make mostly low-risk investments, Saeed said. The firm hopes to triple the fund’s assets within three years.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...