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

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...