Israel’s leading investor follows halacha

This appeared on Bloomberg – hat tip to Tzvi.

Moreshet’s Fund Follows Jewish Law to Outperform Israeli Market

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By Tal Barak

May 22 (Bloomberg) — Yaacov Moreshet’s Shoam Gmisha fund, one of Israel’s best performers last year, follows the dictates of Jewish law. Those rules are flexible enough to let him profit from potential gains in every stock in Israel.

Moreshet, 43, runs Hilat Shoam Ltd., the biggest Israeli investment company offering mutual funds that strictly follow Halakha: Jewish laws covering everything from diet to lending. He can’t directly buy shares of companies open on the Sabbath, for instance…..