{"id":9155,"date":"2008-11-18T00:00:00","date_gmt":"2008-11-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"shariah-energy-fund-sees-scope-to-reach-500-mln","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/shariah-energy-fund-sees-scope-to-reach-500-mln.html","title":{"rendered":"Shariah energy fund sees scope to reach $500 mln"},"content":{"rendered":"<p>Reuters Dubai &#8211; The outlook for investments in the oil and gas industry remains healthy as demand growth from emerging economies is expected to recover, a co-manager of a shariah compliant oil and gas hedge fund said. <\/p>\n<p>&quot;There is constant demand for these finite resources from emerging economies like China and India, even though there is some downturn in the short term,&quot; said Russell J. Lucas of U.S.-based Lucas Capital Management, co-portfolio manager of Al Safi&#8217;s Lucas Energy Fund.<\/p>\n<p>&quot;You have to eat, you have to drive, you need heat to keep your family warm, I believe those are the things that should be the core of a portfolio, especially in uncertain times.&quot;<\/p>\n<p>The Dubai oil and gas hedge fund could grow to $500 million (332.7 million pounds), from its initial investment of $50 million in the next 18 months, he said.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/uk.reuters.com\/article\/stocksNews\/idUKLNE4AH01K20081118\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters Dubai &#8211; The outlook for investments in the oil and gas industry remains healthy as demand growth from emerging economies is expected to recover, a co-manager of a shariah compliant oil and gas hedge fund said. &quot;There is constant [&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":[1095,3786,648,117,1009,2309,528,717,149,536,55],"class_list":["post-9155","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-candover","tag-flow-data","tag-industry-group","tag-investment-arm","tag-jason-allen","tag-liquid-markets","tag-lu","tag-periods","tag-proceeds","tag-recession","tag-sers"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9155","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=9155"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9155\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}