The first Islamic hedge fund launched in the world is Altaquah US Equity Hedge Fund, in 1993 by Saudi Economic and Development Company SEDCO. and the Permal Group.

Name: The first Islamic hedge fund launched in the world is Altaquah US Equity Hedge Fund, in 1993 by Saudi Economic and Development Company SEDCO. and the Permal Group.
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

The first Islamic hedge fund, the Altaquah Global Diversified Fund, was launched in 2002, not in 1993, and it was a collaboration between SEDCO and the Permal Group.

The First Islamic Hedge Fund Launched in the World Is