Saturday, 28 November 2015
Last updated 13 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…