Tuesday, 30 September 2014
Last updated 5 hours ago
Mar 6 2008 | 12:21pm ET
Global Investment House and Dubai Islamic Bank, in collaboration with Millennium Capital, are planning to launch the Global DIB Millennium Islamic Buyout Fund, which has a target of US$500 million.
The fund will focus on investing in Islamic companies in the Middle East, North Africa, Turkey and South Asia, although it may also invest opportunistically in companies located in China, India and Pakistan. Global Investment will serve as the fund’s investment manager with Millennium Capital co-managing the fund. The Sharia Board for the fund will be headed by Hussain Hamed Hassan, chairman of the Sharia Board of Dubai Islamic Bank.
“The Fund is well suited for sophisticated investors from the region who have a strong preference for Islamic products but do not come by private equity products very often,” said Omar Masrur, head of private equity of Millennium Capital, the investment banking arm of DIB.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...