Islam & Hedge Funds - Players and Prospects, in: Business Islamica, 2007

"What is a conventional hedge fund? It lacks a clear definition, but is basically a private investment vehicle for high net worth investors and institutional investors. It is typically privately placed and not subject to the regulation of a public mutual fund. The strategic aim of a hedge fund is to actively manage a portfolio of assets,
mostly listed stocks. Often the goal is an absolute return strategy, to earn profits independent of whether the market goes up or down. "

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