{"id":10059,"date":"2009-03-10T00:00:00","date_gmt":"2009-03-10T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"newedge-amiri-capital-to-launch-islamic-hedge-fof","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/newedge-amiri-capital-to-launch-islamic-hedge-fof.html","title":{"rendered":"Newedge, Amiri Capital to launch Islamic hedge FoF"},"content":{"rendered":"<p>Reuters &#8211; Amiri Capital, the Islamic asset manager backed by investment firm Olivant, said on Monday it has teamed up with broker Newedge to launch the first Islamic fund of long\/short hedge funds marketed in the Middle East. <\/p>\n<p>The partnership with Newedge &#8212; itself a joint venture between Calyon and Societe Generale &#8212; allows Amiri to launch the fund, which was put on hold when original partner Lehman Brothers filed for bankruptcy protection in September.<\/p>\n<p>Hedge funds are a relatively new concept in Islamic finance and a bone of contention, with some scholars rejecting them as speculative and others sanctioning them as a tool for diversification.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/rbssFinancialServicesAndRealEstateNews\/idUSL968954120090309\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Amiri Capital, the Islamic asset manager backed by investment firm Olivant, said on Monday it has teamed up with broker Newedge to launch the first Islamic fund of long\/short hedge funds marketed in the Middle East. The partnership [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8764,929,5361,8758,8763,3141,402,8761,8759,3603,4718,3890,8047,8762,5507,4326,8760,6340],"class_list":["post-10059","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-amiri","tag-asset-manager","tag-bankruptcy-protection","tag-bone-of-contention","tag-calyon","tag-diversification","tag-investment-firm","tag-islamic-finance","tag-islamic-fund","tag-joint-venture","tag-lehman-brothers","tag-middle-east","tag-newedge","tag-olivant","tag-partnership","tag-reuters","tag-short-hedge","tag-societe-generale"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10059"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10059\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}