TSE to Unveil First Hedge Fund

The Tehran Stock Exchange (TSE) is working to establish the first hedge fund, the SENA news agency said Sunday. 
Mahmoud Goodarzi, the TSE chief said, "We have met financial institutions to exchange views on setting up a hedge fund -- a fund that has not been utilized in the capital market so far. The Securities and Exchange Organization [SEO] has voiced   agreement and will issue the license for hedge fund.”