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-- Posted Wednesday, 10 June 2009 | Digg This Article | | Source: GoldSeek.com
Last month the Dubai Shariah Asset Management Kauthar hedge funds experienced their best returns since inception. The result was industry-leading performance for 2009, with gold ahead of the pack: May/ 2009 YTD 25.2%/ 37.47% DSAM Kauthar Gold Fund 17.06%/ 20.83% DSAM Kauthar Energy Fund 2.97%/ 2.14% DSAM Kauthar Natural Resources Fund 16.7%/ 28.35% DSAM Kauthar Global Resources & Mining Fund 16.07%/ 21.36% DSAM Kauthar Commodity Fund These returns exceeded the HedgeFund.net Long/Short Equity Average for single strategy hedge funds that was up 11.86% year-to-date through end May. The DSAM Kauthar Commodity Fund, the equally-weighted fund-of-funds comprised of the four individual DSAM Kauthar strategies, also outperformed the Hedge Fund Research (HFRI) Fund of Funds Composite Index that was up 4.76% YTD as of 31 May 09. The returns of the DSAM Kauthar funds dispel the notion that Shariah compliant hedge funds underperform their conventional counterparts or are impaired by Shariah guidelines. Dubai Shariah Asset Management is a joint venture between Dubai Commodity Asset Management (DCAM), a wholly-owned division of the Dubai Multi Commodities Centre (DMCC, www.dmcc.ae ) and Shariah Capital (www.shariahcap.com). DMCC has invested $50 million into each of the four DSAM Kauthar funds as the seed investor, a total investment of $200 million. DSAM manages the DSAM Kauthar Commodity Fund (DKCF) which offers investors exposure to hedge fund strategies diversified over a range of commodity sectors in a manner that is Shariah compliant.
-- Posted Wednesday, 10 June 2009 | Digg This Article | Source: GoldSeek.com
Previous Articles by Peter Cooper
About Peter Cooper:
Oxford University educated financial journalist Peter Cooper found himself made redundant by Emap plc in London in the mid-1990s and decided to rebuild his career in Dubai as launch editor of the pioneering magazine Gulf Business. He returned briefly to London in
1999 to complete his first book, a history of the Bovis construction group.
Then in 2000 he went back to Dubai to become an Internet entrepreneur, just as the dot-com market crashed. But he stumbled across the opportunity to become a partner in www.ameinfo.com, which later became the Middle East's leading English language business news website.
 Over the course of the next seven years he had a ringside seat as editor-in-chief writing about the remarkable transformation of Dubai into a global business and financial hub city. At the same time www.ameinfo.com prospered and was sold in 2006 to Emap plc for $27 million, completing the career circle back to where it began a decade earlier.
He remains a lively commentator and columnist as a freelance journalist based in Dubai and travels extensively each summer with his wife Svetlana. His financial blog www.arabianmoney.net is attracting increasing attention with its focus on investment in gold and silver as a means of prospering during a time of great consumer price inflation and asset price deflation.
Order my book online from this link
 
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Dubai Gold Hedge Fund Comes Out On Top
