The Trade Bank of Iraq (TBI) has announced the launch of Dananeer Fund, a $100 million investment portfolio fund in partnership with Alpen Asset Advisers.

Dananeer Fund is legally structured as a Segregated Portfolio Class B of the investment fund company Alpen Asset Advisers SPC based in the Cayman Islands regulated by the Cayman Islands Monetary Authority (CIMA).

Faisal Al-Haimus, chairman and president of Trade Bank of Iraq, said: “I am pleased to launch this new investment scheme offering our clients an opportunity to diversify their investments and potentially increase their returns.”

Rohit Walia, executive chairman of Alpen Asset Advisers, said: “This partnership enables us to diversify our scope of fund offerings.”

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