Barclays Capital launches sharia hedge fund platform

News

Barclays Capital has launched an Islamic investment platform that it says provides sharia-compliant access to hedge funds.

Called Al Safi, the platform will initially comprise five commodity-focused hedge funds: BlackRock, Ospraie Management, Tocqueville Asset Management and Zweig-DiMenna International Managers - all based in New York - and Lucas Capital Management in New Jersey.

Fund managers will be able to trade equities long and short, apparently responding to what had previously been the bigg

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