$100 million! From the WSJ:
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.
Posted: August 29th, 2007 under Emerging Markets, General, hedge funds.
Comments: 6
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