Dubai Shariah Asset Management's $260 million fund of funds, which was launched at the beginning of 2009, posted a 41% return last year.
According to Dubai Shariah Asset Management (DSAM) its fund of funds, DSAM Kauthar Commodity Fund, is drawing interest from major Islamic banks that cater specifically to wealthy clients seeking investments that don't violate shariah. The hedge fund experiment was a departure for the region's investors, who traditionally put money into real estate, private equity or long-only mutual funds - DSAM says.
To see more Middle East investors like Dubai Shariah Asset Management, check our investors directory.
Their fund structure and more details from their release follows
Previous Post: The Carlyle Group's Mena Fund makes first investment in GCC
Next Post: Qatar investors offering to invest $1 billion in the world's third-biggest shipping group