JV Debuts Africa, Middle East Hedge Fund

International Assets Holding Corporation and its joint venture partner, INTL Consilium, has launched the ICL Greater Africa Fund, a hedge fund dedicated to Africa and the Middle East.

The fund is investing in equity and debt securities of issuers listed or operating in the regions. Its portfolio consists of long and short positions in sovereign, corporate, municipal, mortgage-related and asset-backed securities and a wide variety of derivative instruments related to fixed-income securities, equity securities, currencies.