Barclays eyes Islamic hedge fund
Published September 11th, 2007
Barclays Capital plans to launch a group of hedge funds that will be managed according to Islamic law, or sharia, reported Reuters. The British bank and its partner, US-based Shariah Capital, said unlike a fund of hedge funds, investors will be able to choose which hedge fund they have exposure to. Harry Martin, co-head of Barclays Capital's Middle East market solutions group, declined to say how the hedge funds would comply with sharia, saying that was proprietary information. [AMEInfo.com]
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