Posts Tagged ‘BlackRock
Dubai Shariah Hedge Fund Launches, Makes Bank
Dubai opened its first Shariah-compliant hedge fund to investors after its fund of funds investments outperformed the indexes last year, posting a 41% return. Ironically, fund operator Dubai Shariah Asset Management, or DSAM, which is compliant with Muslim Shariah law, is heavily guided by a Catholic: Shariah Capital’s Chief Executive Eric Meyer. Shariah Capital (which [...]
BlackRock not taking over Man Group, Launching Asian Corporate Bond Hedge Fund
BlackRock, the world’s largest money manager, has taken a substantial stake in the Man Group, the world’s largest publicly listed hedge fund, prompting speculation that there might be a takeover in the works. According to a regulatory filing cited on FINalternatives, BlackRock, which manages $3.35 trillion in assets, now owns more than 10 percent of [...]
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