Eurasia Capital Management
Below is a press bio on Eurasia, they are the first group to offer a Mongolia-centric hedge fund product. I expect these types of announcements to greatly increase as the barriers to trading in countries such as this drop, hedge funds look for a distinct advantage and traditional "emerging" countries such as China and Brazil fully emerge.
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Eurasia Capital Management plans to increase the world's first Mongolia-focused fund fivefold to $100 million to tap economic growth fueled by the nation's mining industry.
Eurasia's hedge funds, which have about $200 million of investments across Central Asia, also expect to sell shares on London's Alternative Investment Market or Deutsche Boerse AG by next June, said Alisher Djumanov, managing partner of the Singapore-based firm. Proceeds would be used to start private- equity and property funds, and expand in Central Asia, he said.
Mining in Mongolia, which has reserves of coal, copper, gold and uranium, will spur ``double-digit'' economic growth rates over the next 10 years as commodity prices remain high, Djumanov said in an interview. Mining accounted for about two- thirds of Mongolia's exports last year, and foreign direct investment in the country rose more than 33 percent.
``The spillover effect from the mining sector will be significant,'' Djumanov, 35, said. ``We're investing in companies that are expected to grow significantly on the back of this strong economic growth.'' Read more...
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Tags: Eurasia Capital Management, Mongolia, Alternative Investment Market, Deutsche Boerse AG , Alisher Djumanov, MSCI World Index,Investments in Mongolia, Mongoalia Investment, Mongolia Investment Fund, Eurasia hedge fund