First IRAQI hedgefund to raise 100 Mio USD

Discussion in 'Wall St. News' started by ASusilovic, Aug 30, 2007.

  1. From Dow Jones/

    Iraq Fund LLC, Iraq's first hedge fund, aims to raise as much as $100 million within 18 months for investment in companies listed on the local bourse and in state enterprises, a company official said. The fund, launched despite the ongoing violent conflict in the country, primarily targets undervalued, Iraq Stock Exchange-listed firms and state-owned companies in manufacturing, construction, cement and pharmaceuticals, Iraq Fund operational director Rand Hultz told Dow Jones Newswires at a Dubai conference.

    "We target $100 million. There have been delays, but we'd like to do it within the next 12 to 18 months, Hultz said. "There has been interest from the U.S. and Iraqis," Hultz said, adding that Gulf investors have also shown interest in the fund, which requires a minimum investment of $250,000.

    God thanks, they are able to behave different then =>

  2. Davdse


    That's quite a bold and unjust statement.
  3. Bold ? Unjust ? Watching TV ? => FACT !