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Iran, Iraq to Set Up Joint Investment Fund

Iran, Iraq to Set Up Joint Investment Fund
Iran, Iraq to Set Up Joint Investment Fund

Securities and Exchange Organization of Iran and the Iraqi Securities Commission signed a memorandum of understanding to create a joint investment fund. 
The fund will be based on master-feeder fund model, according to the SEO News Agency. 
The MoU was signed in Tehran on Monday in a meeting  attended by the SEO board members, chairman of ISC, Alaa Abdulhussein Al-Saeidi, Iraq’s ambassador to Iran, Sa'ad Jawad Qandeel. 
A master-feeder structure is a device to pool capital raised from investors into a master fund. Investors put capital into their respective feeder funds, which ultimately invest assets into a centralized master fund. It is the master fund that actually invests in the market. 

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