Patrick88 Posted December 8, 2010 Report Share Posted December 8, 2010 Global Capital Launches Iraq Focused Fund December 6, 2010 Global Capital Investments is launching an Iraq-focused fund to capitalize on the country’s stabilizing economy. Chicago-based Kenneth Kuhn, a managing director and longtime currency trader of the Iraqi dinar, began the fund in November to provide better access to Iraq’s financial markets. The fund primarily invests in listed equities on the Iraq Stock Exchange and has already selected about 44 of the 93 stocks on the ISX, according to Reuters. Attractive reasons to invest in Iraq, according to Kuhn, include a dropping interest rate, rising exports, a stabilizing dinar and minimal national debt. “The fund uses a long strategy in a diversified portfolio with an emphasis on the banking sector,” Kuhn told HedgeFund.net. In addition to the banking sector, Kuhn sees vast potential in oil reserves, as well as the agriculture sector which is recovering from the oil-for-food scandal. The Iraq focused fund is still in its fundraising stages with a target of $10 million. The minimum investment is $100,000 and the fee structure is 2% and 20%. “It is the first fund of our firm and we hope to grow other sister companies,” said Kuhn. Source: Google News/Hedge Fund.net 1 1 Link to comment Share on other sites More sharing options...
GunnerWitt Posted December 8, 2010 Report Share Posted December 8, 2010 I would trust the Mesopotamia Fund under Merchant Bridge in London, UK and the AB Fund in Dubai, UAE before I would trust a new under-capitalized hedge from from Chicago.... R/s and Semper Fidelis, Gunner Link to comment Share on other sites More sharing options...
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