Friday, 31 October 2014
Last updated 52 min ago
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.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.