Financial and Banking News

Capital Markets

Framlington To Launch Egyptian Investment Fund

UK fund managers Framlington will start marketing a $20mn-30mn Egyptianinvestment fund at the end of October. The fund will invest in local quotedequities, but will be permitted to place up to 25% of its funds in unlistedprivate holdings. The minimum investment will be $100,000 and the fund isexpected to have a minimum life of five years. The fund will be based in theCayman...