Dubai To Seed Five Shariah Hedge Funds

Jun 19 2008 | 12:03pm ET

The Dubai government is backing five new Shariah-compliant hedge funds, alongside Barclays Capital.

Each of the five funds, set to launch in the next two weeks, will get $50 million in seed capital from the Dubai Multi Commodities Centre Authority. All five funds will use the Al Safi Trust platform and Shariah Capital as adviser, with Barclays Capital serving as prime broker.

The five firms rolling out hedge funds following Islamic law are BlackRock Inc., Lucas Capital Management, Ospraie Management, Tocqueville Asset Management and Zweig-DiMenna International Managers.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...