Friday, 29 August 2014
Last updated 15 hours ago
Aug 13 2007 | 2:22pm ET
Iraq Fund Management has launched its first hedge fund, offering investors exposure to that war-torn country.
The Iraq Fund, which began trading on Aug. 1, focuses primarily on state-owned enterprises and the banking sector on the Iraq Stock Exchange in Baghdad.
“The fledgling Iraqi banking sector and Iraqi SOEs offer a unique opportunity, as they are greatly undervalued in light of their growth prospects and the infusion of cash from the [U.S.] Department of Defense, the Iraqi government and other sources,” fund manager Dave Packard said in a release.
The fund is domiciled in Delaware. It has a $250,000 minimum investment requirement, and charges 1.5% for management and 15% for performance, with a high-water mark. After a one-year lockup, investors can redeem quarterly. The Credit Bank of Iraq serves as its prime broker.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...