Tuesday, 31 March 2015
Last updated 15 hours ago
Jun 16 2009 | 2:08am ET
A former hedge fund manager is helping to open Iraq’s capital markets to U.S. institutional investors.
Shwan Ibrahim Taha, who once worked for hedge fund honcho George Soros, has teamed with New York brokerage Auerbach Grayson to offer research on and trading of companies listed on the Iraq Stock Exchange in Baghdad, the Financial Times reports. Taha’s Rabee Securities is based in the Iraqi capital.
The deal with Rabee makes Auerbach Grayson the first non-Iraqi firm to offer Iraqi securities since the U.S.-led invasion of the country five years ago. The ISE is to implement fully electronic trading by the end of the month.
“The laws with respect to capital markets are liberal compared to the countries nearby,” Taha, also a former senior fund manager at Templeton Asset Management, told the FT. “But the problems have been logistics and security.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…