Millennium, Man To Offer Shariah Hedge Fund

Jul 16 2008 | 11:49am ET

Dubai’s Millennium Finance Corp. is reportedly set to launch its first Shariah-compliant hedge fund to capitalize on increasing demand for alternative investment products that conform to Islamic law.

According to Ahmad Atwan, managing director, Millenium will team up with the world's largest publicly traded hedge fund manager, the Man Group, for the offering, Arabian Business reports.

“It is something that is going to sit very well in the marketplace….. We plan to do a few more Shariah-compliant hedge funds after that,” he said.

Millenium in April held a first close on a pair of Shariah-compliant energy and media private equity funds.

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...