Access to Islamic Hedge Funds - Incisive Media
Access to Islamic Hedge Funds - Incisive Media
Access to Islamic Hedge Funds - Incisive Media
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fund profile<br />
Natural resources s<strong>to</strong>ck picking<br />
focus creates success<br />
DSAM Kauthor Natural Resources Fund is one in a family of Shariah compliant<br />
commodity related funds offered by Dubai Shariah Asset Management (DSAM)<br />
on the Al Safi Trust Platform. Dubai Multi Commodities Centre (DMCC) has<br />
invested $50 million seed capital in<strong>to</strong> the fund.<br />
The DSAM Kauthor Natural<br />
Resources Fund, the third fund operating<br />
on the Al Safi platform, offers<br />
inves<strong>to</strong>rs exposure <strong>to</strong> the natural<br />
resources sec<strong>to</strong>r. The fund invests<br />
exclusively in units of the Zweig-<br />
DiMenna Natural Resources Fund, a<br />
sub-trust of the Al Safi Trust managed<br />
by Zweig-DiMenna International<br />
Managers. Zweig-DiMenna,<br />
with assets of around $4 billion, is<br />
one of the oldest names in the hedge<br />
fund industry.<br />
Joseph DiMenna and Martin<br />
Zweig co-founded Zweig-DiMenna<br />
Partners in 1984. In 1987 they<br />
started Zweig-DiMenna International,<br />
an offshore fund. Zweig and<br />
DiMenna are seen as pioneers in<br />
long/short equity investing.<br />
DiMenna is the hands-on head<br />
portfolio manager for the company’s<br />
investment vehicles. He has a<br />
25-year track record in long/short<br />
equity investing. Throughout his<br />
career he has actively invested<br />
across the spectrum of natural<br />
resources s<strong>to</strong>cks, an area of special<br />
interest and expertise.<br />
Zweig-DiMenna launched its first<br />
natural resources sec<strong>to</strong>r-focused<br />
long/short equity vehicle in 2005.<br />
As head portfolio manager for the<br />
Zweig-DiMenna Natural Resources<br />
Fund, DiMenna is responsible for<br />
portfolio construction and oversees<br />
s<strong>to</strong>ck selection.<br />
Zweig’s 40-plus-year career has<br />
been spent developing and refining<br />
market risk analytics. Thomas<br />
Keyes is also portfolio manager<br />
for the Zweig-DiMenna Natural<br />
Resources Fund. He joined the company<br />
in 2001 and is also responsible<br />
for portfolio construction and<br />
research for all the Zweig-DiMenna<br />
investment vehicles. His oversight<br />
and research in the Zweig-DiMenna<br />
Natural Resources Fund spans a<br />
wide variety of natural resources<br />
s<strong>to</strong>cks.<br />
Another key member of the<br />
22 | <strong>Access</strong> <strong>to</strong> <strong>Islamic</strong> <strong>Hedge</strong> <strong>Funds</strong> Supplement | November 2008 www.hedgefundsreview.com