Friday, 19 December 2014
Last updated 5 hours ago
Apr 21 2008 | 9:03am ET
Iraq already boasts a hedge fund, and now a top emerging markets investor is casting an eye on its private equity potential.
Mark Mobius, who manages emerging markets funds at Templeton Asset Management, is in talks about making p.e. investments in the war-torn country.
“We are looking at private equity in Iraq and are meeting with representatives in Iraq,” he told Reuters. “There are smaller companies in manufacturing, the services and food industries that are keen for investment.”
Still, he warned the Iraqi Stock Exchange remains too illiquid for listed equity investments, which has not stopped Godvig Capital Management’s US$15 billion Babylon Fund. As might be expected, that hedge fund, which a year and a half ago, has been extremely volatile, posting double-digit returns last year and having a roller-coaster 2008.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.