Sat, Feb 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Elixir real estate funds follow back to basics fixed income philosophy

Tuesday, May 07, 2013

amb
Abrar Hussain
Benedicte Gravrand, Opalesque Geneva:

Here is a small niche asset backed, unlevered real estate fund that provides fixed income without the implied complications of debt or derivatives. Its manager explains how the fund can return double digits yearly.

Elixir Capital, based in Palo Alto, CA, runs an onshore fund called the Elixir PURE Fund. But there is to be a second one, called the PURE Fund II, which will be launched in the coming weeks. This second fund will use the same strategy and will seek to reach a wider audience through its Cayman domicile.

Abrar Hussain , founder and managing director of Elixir Capital Management (ECM), which was founded in January 2012, also teaches Islamic Finance at the University of California, Berkeley ; he was looking for a strategy that would be Shariah-compliant and that would avoid synthetic structures: and so came the PURE Fund ('PURE’ for Participatory Unlevered Real Estate).

"Initially when we were thinking about this product, it was focused on trying to step away from this idea that you take a conventional instrument and essentially replicate it by adding some additional structure, because we felt that it just made the product less efficient," Hussain explained to Opalesque in an interview.

One of the various non-debt related......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie