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Aussie Islamic fund manager Crescent Wealth aims for $3bln pool by 2019

Posted on 16 December 2011

Australia’s first Islamic fund manager Crescent Wealth is aiming high, but will it deliver? The company “would be happy” with $3 billion under management by 2019, which represents nearly a quarter of the $13bn pool of funds expected to be allocated to Islamic fund managers by then.
That’s a big number given the Crescent Australian Equity Fund, which launched in October, had about $US5.5 million under management, but it isn’t insurmountable given Crescent is the first and only Australian wealth manager specialising in Islamic investing………………………………………..Full Article: Source

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