Who knew there was an ancient Egyptian goddess of math, accounting and knowledge? Her name was apparently Safkhet, and she’s the namesake for a new hedge fund out of the US of A. Don’t hope for investment: Founder Fahmi Quadir says her edge is identifying shorts with accounting or other irregularities “that could cause a stock to lose more than 60 percent of its market value,” Reuters reports.
More from Enterprise
Banque du Caire opens its IPO books at EGP 4.82-5.30 a share, with room to grow to 45%
The state-owned lender could raise up to EGP 36.4 bn,…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…