IslamicFinance.de

Emirates NBD's asset management arm and Man Group will tie-up in order to see the hedge fund firm manage one of the lender's sharia-compliant funds.
Emirates Islamic Alternative Strategies Fund will be taken over by Man Investments. The assets will be assigned to the Man GLG Multi-Strategy Fund.
Deon Vernooy, senior executive officer of Emirates NBD Asset Management, revealed the fact that the Emirates Islamic Alternative Strategies Fund is now worth $20 million.