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Turkey to overcome secular qualms with Islamic bondTurkey's government plans its first-ever issue of Islamic bonds this year, overcoming sensitivities about Islamic finance in the secular republic as it seeks to tap a rich pool of investors flush with oil money. (more...)
Egypt to sell short-term dollar debt in MarchEgypt plans to offer US-dollar certificates of deposit (CD) to Egyptians living abroad at the beginning of March to help it raise foreign currency, al-Borsa newspaper on Tuesday quoted Finance Minister Mumtaz al-Saeed as saying. (more...)
Al Rajhi Bank records strong performanceAl Rajhi Bank, the world's largest Islamic banking group, has achieved highest net profit among Saudi banks. As of December 31 2011, the bank posted a net profit of 7,378 million riyals (RM5.95 billion), an increase of nine per cent from last year. (more...)
Mega Islamic bank may be launched in 2012A long-awaited mega Islamic bank to be headquartered in Bahrain may be launched this year and $600 million of its $one billion capital will be contributed by Islamic banks in the Arab region, a senior banker has said. (more...)
Bank Islam may assume BIMB listing statusBank Islam Malaysia Bhd, the country’s oldest Islamic lender, may assume the listing status of its parent company BIMB Holdings Bhd, sources said. BIMB owns 51 per cent of Bank Islam, from which it derives the bulk of its earnings. “BIMB have been discussing the pros and cons of such a move. They may want to simplify the BIMB group structure,” one of the sources told Business Times. (more...)
Syria's banks face struggle to survive as turmoil spreadsNet profit at Chambank, one of three private Islamic banks in Syria and 32 percent owned by Commercial Bank of Kuwait, soared 553 percent last year, standing out among a string of strong earnings reports from the banking sector. (more...)
Seera Investment Bank net income hits $73mlnBahrain-based Seera Investment Bank has reported a net income before provisions of $73.4 million, thanks to the bank's recent exit from one of its major investments last year. (more...)
Warba Bank exceeds standard Kuwaitization levelKuwaitization at Warba Bank had crossed 62% in a very short span of time, said Anas Yousef Al Ateeqi, Chief Human Resources Officer at Warba Bank. Such percentage exceeds the level endorsed by the Central Bank, explained Al Ateeqi, which reflects Warba's commitment to introduce local expertise and talents into the bank's different segments. (more...)
Kuwait's Burgan buys stake in Turkish bankKuwait's Burgan Bank has reached a deal to buy a 70 percent stake in Turkey's Eurobank Tekfen, a partnership of Greece's EFG Eurobank and Turkey's Tekfen Holding, sources with knowledge of the deal said. (more...)
Legal limbo stymies banks' recovery of Dubai govt debtMore than two years after the Dubai debt crisis erupted, the restructuring of corporate debts remains in legal limbo as it is unclear how banks can get back their money from government-linked enterprises in the Gulf state. (more...)
Dubai raises $675 mln financing for Al Sufouh tram projectDubai’s Department of Finance raised $675 million from a dual-currency financing to complete phase 1 of the Al-Sufouh Tram project in the emirate. (more...)
Islamic financial market fast expandingDespite a challenging market environment, Islamic finance made progress in 2011, supported by vigorous underlying trends. The industry saw growth in terms of volume, geographic reach and quality increase due to strong demographic growth and rise in the size of Islamic financial market, Bank Sarasin’s 2012 Islamic Wealth Management Report said. (more...)
6th Annual Hedge Fund Investments Japan Congress, Capturing Market Opportunities While Suppressing Portfolio Volatility, 23 – 24 May, 2012, The Westin Hotel, Tokyo, Japan
Over 90 institutional investors and fund managers have confirmed their attendance! The 6th Annual Hedge Fund Investments Japan Congress is a must-attend event for the hedge funds community. With a six year track record of bringing together leading personalities – key institutional investors, top fund managers and rising stars, it is the key deal-making marketplace for Japan. Some of the featured speakers include: World's largest institutional investor, speaking for the first time: Regulatory keynote, to shed light on authorities' position amidst current turmoil: Japan's financial guru, speaking for the first time: Pension investor, actively investing in hedge funds: Institutional investor, actively investing in hedge funds: World's 8th largest hedge fund, speaking for the first time: World's 15th largest hedge fund, speaking for the first time: DOWNLOAD THE LATEST BROCHURE: ENGLISH | JAPAN DOWNLOAD CENTRE: Get the latest insights and updates from the hedge fund industry by visiting our Download Centre. I'm sure you wouldn't want to miss meeting and networking with these experts! Email us to find out more about the conference.
Managed Funds Association, Forum 2012, June 12-13, Chicago
Forum 2012, June 12-13, The Fairmont Millennium Park, Chicago, is MFA’s 18th annual managed futures and global macro strategies conference designed to bring managers and investors together for networking, education and business development. Forum 2012 will feature “Meet the Manager” booths in an exhibit hall to facilitate opportunities for managers and investors to become acquainted and learn more about one another’s investment needs and solutions. Also new to the Forum 2012 schedule, an afternoon of “Manager Salons” for pre-selected managers to host open discussions with groups of investors, allocators and other managers. Forum 2012 will honor the first-ever Managed Futures Pinnacle Award winners. The winners are invited to participate on two educational panel presentations at Forum 2012, the morning following the awards ceremony, to discuss their awards, their strategies, the markets, risk management and more. MFA is a proud sponsor of the inaugural Managed Futures Pinnacle Awards, presented by CME Group and BarclayHedge on Monday, June 11. Forum 2012 will feature additional networking events and a program agenda designed to bring institutional investors to Chicago for the opportunity to meet CTAs and global macro managers and learn more about their strategies. The program agenda will spotlight managers, investors and the current legislative and regulatory issues impacting the alternative investment industry. http://events.managedfunds.org/mfas-forum-2012
18th Annual GAIM International Monaco, 18-20 June, 15% Discount The World's Leading Hedge Fund Event comes back to Monaco with:
Successfully Launching and Profiting from Business Development Companies, New York, NY, United States, June 27 2012
Website: http://www.frallc.com/conference.aspx?ccode=B821 The Premier Summit on How to Successfully Launch BDCs, Best Practice Operational Strategies, and Investment Opportunities in BDCs Financial Research Associates’ inaugural event is bursting with critical advice, networking opportunities, and practical takeaways for launching, operating and investing in Business Development Companies (BDCs). Subscribers are eligible for a 10% registration discount. Mention FMP127 during registration to enjoy this offer. This One-Day BDC Powerhouse event will:
View the full agenda: http://www.frallc.com/pdf/B821.pdf You Can Expect to Meet :
For more information and to register, contact Whitney Betts at 704-341-2445 or wbetts@frallc.com . Don’t forget to mention your 10% registration discount code: FMP127.
Institutional Investor and CNBC Present: DELIVERING ALPHA, July 18, 2012, New York
CNBC and Institutional Investor will once again host a unique, one‐day meeting composed entirely of the best‐known hedge fund managers and over 80 of the largest investors globally as well as illustrious political and economic commentators appearing in short segments moderated by II and CNBC editors. Delivering Alpha will focus on current thought leadership in investing, and all segments will be structured to provide unique insight into very high‐level investment themes. Keynote Speakers will include:
We are pleased to announce the advisory board:
The conference will pivot around live sessions and televised broadcasts as leading managers and investors also network privately with each other at social events throughout the day Delivering Alpha was a sold-out success in 2011. Reserve your space today at www.deliveringalpha.com. Please quote registration code AMB when registering.
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Geneva is described by some as the place where the godfathers of the funds of hedge funds industry can be found. And interestingly, this has not changed. The city's hedge fund industry is still recovering from '08, though. There has been a slight increase of funds (to around 130) and of assets under management (to around $20bn+) this year in Switzerland since last year, but for Geneva, 2011 was quiet. It was a good time for funds of hedge funds to sharpen their raison d'etre, for hedge funds
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Sciens managed account platform adds J E Moody Commodity Relative Value Program Opalesque Exclusive: Direct investment, managed accounts gain traction with family offices
2011 Preqin Sovereign Wealth Fund Review
Indices 'Alternative Alternatives' investment funds lose 1.65% in March (+2.24% YTD)
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