New York (HedgeCo.net) – Investment management firm Silk Road Management (SRM) has announced the launch of the Quam Silk Road Mongolia Fund, a new hedge fund investing in globally listed companies primarily exposed to the Mongolian economy.
“Mongolia has a significant undeveloped mineral wealth, including some of the world’s largest undeveloped copper, gold and uranium deposits and it is believed to have the largest untapped supply of coal.” Alisher Ali, Managing Partner of Silk Road Management and Chairman of Eurasia Capital said. ” Developing its massive resources will allow Mongolia to become the world’s fastest growing economy throughout the next decade.”
The new fund targets long term investment growth through investment in companies with strong fundamentals and whose main business operations and/or assets are based in Mongolia. The hedge fund is an open-end investment vehicle, primarily investing in liquid stocks which are members of the $38bn Silk Road Mongolia Index.
“Mongolia, located between China and Russia, is strategically positioned to supply raw materials for Chinese, Korean, Japanese and eastern Russian development. Mongolia is set to continue profiting from its world class natural resources, located next to the world’s biggest consumer” Richard Harris, CEO of Quam Asset Management, said.
SRM owns four equity indices: Silk Road Composite Index, Silk Road Central Asia Index, Silk Road Mongolia Index and Silk Road Hong Kong Index.
Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership in HedgeCo.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
