Aggressive strategy with strong balance sheet is way forward

Conflicting views are emerging about whether the global financial downturn is deepening or easing, but Eric Meyer, CEO of Shariah Capital, says the crisis – even at its worst – will help him attract talent.

The US-based company has formed a joint venture with the Dubai Multi Commodities Centre Authority (DMCC) and launched four hedge funds that comply with Shariah principles early this year.

The DMCC, a Dubai Government agency, seeded $50 million (Dh184m) into each of the four funds, making the launch worth a total of $200 million.