U.K. Firm Preps Sharia Hedge Fund

Nov 13 2008 | 1:24pm ET

Amiri Capital will launch a sharia hedge fund next year to tap into the increasing number of investors looking for for alternative Islamic investments.

Amiri, backed by activist investor Olivant, plans to bring its sharia hedge fund to the market in early 2009, after the collapse Lehman Brothers, which had been lined up to act as prime broker, forced it to delay the launch, The Guardian reports.

“There is a growing number of investors who needs that asset class, alternative investments,” said Amiri director Iqbal Asaria, in an interview. “They find themselves at a competitive disadvantage.”


In Depth

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of