Flemings Launch Oasis Fund
On 9 February, Robert Fleming and Co., the British merchant bank, launched Oasis, its Islamic equity fund. The fund is open-ended and will be marketed through Robert Fleming's offices around the world. The fund is incorporated in Luxembourg and will be listed on the Luxembourg stock exchange. The minimum stake is $50,000.
Mr. Usama Nassar, a director of Robert Fleming Holdings and head of its Bahrain operation, told...