Dubai Multi Commodities Centre, a branch of the government-controlled group Dubai World, is investing a whopping $250 million in five U.S. Hedge-fund managers. The five hedge funds will conduct business in accord with shariah, or Islamic law, which will greatly affect their financial strategies. For example, they will not be allowed to invest in alcohol-related companies, nor will they be able to sell what they do not own, which eliminates short selling from the equation. The five hedge-fund managers include: Tocqueville Asset Management, BlackRock Inc., Zweig-DiMenna International Managers, Ospraie Management, and Lucas Capital Management.
Source: www.online.wsj.com
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