Wednesday 29 September 2010

Shari’ah-compliant Australian equity fund approved by Bahrain authorities | Islamic Finance | CPI Financial

Investment manager for the fund is Hyperion Asset Management, a Brisbane-based, growth-style manager whose award-winning core investment team has worked together since 1997. Shari’ah advisors to the fund are Dr. Mohd Daud Bakar of Malaysia and Sheikh Nizam Yaquby of Bahrain.

The fund is available for “expert” investors, defined by Bahrain authorities as individuals and institutions that have at least $100,000 in financial assets, as well as governments and related organisations. The fund is managed in Australian dollars and reported in US dollars.

Hyperion uses a proprietary process to manage a high-conviction portfolio made up of a limited set of stocks that meet strict selection criteria, for Shari’ah-compliance and other business attributes. The firm has earned a host of recent recognition for outstanding performance. Accolades include being named Australian Equities (Small Cap) Fund Manager of the Year at the May 2010 Money Management/Lonsec Fund Awards and winning the Golden Calf Award for Best Emerging Fund Manager at the October 2009 Australian Fund Manager Awards.

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