Griffon Starts $108 Million Fund to Invest in Iranian Stocks - Bloomberg Business

Griffon Starts $108 Million Fund to Invest in Iranian Stocks - Bloomberg Business:

"Griffon Capital, a Tehran-based firm set up by a group of international and Iranian investors including Xanyar Kamangar in anticipation of Iran’s nuclear deal, is seeking to raise 100 million euros ($108.2 million) by the end of the year for a new offshore fund specializing in the country’s stocks.
Griffon’s Iran Flagship Fund, domiciled in the Cayman Islands, is an open-ended vehicle investing mainly in the Tehran Stock Exchange and Iran Fara Bourse, the company said in an e-mailed statement Monday. Griffon will start pitching the fund in the U.K. next month.
“It’s impossible to ignore a market of this size and Iran has a very compelling story,” Payam Malayeri, Griffon’s head of asset management, said by telephone from Tehran on Sunday."



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