New Index Covers Shariah-Compliant Commodities Hedge Funds

Jan 8 2009 | 2:09am ET

The Dubai government and Shariah Capital have launched an Islamic commodities hedge fund index, calling it the first of its kind.

The Dubai Shariah Hedge Fund Index includes as constituents four funds, part of the DSAM Kauthar Commodity Fund. The four funds each received US$50 million from the Dubai Multi Commodities Centre Authority—the government agency working with Shariah Capital to create the index—and are constituents of the Al Safi Trust, the shariah-compliant hedge fund platform established last year by Barclays and Shariah Capital.

The four funds will invest in gold, energy, natural resources and mining, the DMCC and Shariah Capital said.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note