Emerging Markets Expert Considers Private Equity Investments In Iraq

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.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...