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Eurekahedge launches world`s largest Shariah-compliant fund database

Date: Wednesday, July 5, 2006
Author: Opalesque.com

Eurekahedge announces the launch of the largest Shariah-compliant fund database: the Eurekahedge Islamic Fund Database and Directory. The database launched with 312 funds compliant with Shariah law. The specialist funds are comprehensively covered across all geographies and asset classes including: Unit Trusts/Mutual Funds, Funds of Funds, Private Equity Funds, Alternatives and Structured Products.

Alexander Mearns, Managing Director of Eurekahedge says, "We have received substantial demand from our existing investor subscribers for more information on Shariah-compliant funds. We did not find one source out there which adequately covered the universe, both globally and by asset class, so we employed our research resources and built one for them." Mearns goes on to say, "However, this product is not purely aimed at investors and we feel that all parties - structuring groups, private banks, service providers to the industry, other alternative funds - will benefit from this resource."

Information on individual funds in the database and directory includes detailed profiles of fund managers, investment strategy, geographical focus, Shariah advisors, fee and redemption structure, service providers, contact details and much more.

Eurekahedge is the world's largest independent alternative research firm with offices in London, New York, Hong Kong and Singapore. Eurekahedge was founded in 2001 and is considered the leading independent authority on the global alternative universe. To date, Eurekahedge maintains research data banks on 13,000 alternative funds globally and disseminates data on 10,500 alternative funds covering US$1.4 trillion in assets.