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Hedge Funds Eye Syria
January 12, 2010
Syria, hoping to emerge from decades of diplomatic and economic isolation, is looking to hedge funds for help.
The country, which has not hosted a U.S. ambassador in nearly five years, hosted a group of major international investors, among them hedge funds. The week-long trip to Syria and neighboring Lebanon took place late last year and was organized by Traxis Partners founder Barton Biggs, according to The Wall Street Journal. Also among the hedge fund contingent was $11 billion Maverick Capital.
With the Obama administration planning to resume full diplomatic relations with Syria—an embargo against nearly all exports to the country remains in effect—Syria is hoping to attract international investment, particularly for infrastructure projects. Biggs said that Assad indicated that the Syrian government is willing to ease its control over the country's economy.
Original Posting At: Finalternatives
The country, which has not hosted a U.S. ambassador in nearly five years, hosted a group of major international investors, among them hedge funds. The week-long trip to Syria and neighboring Lebanon took place late last year and was organized by Traxis Partners founder Barton Biggs, according to The Wall Street Journal. Also among the hedge fund contingent was $11 billion Maverick Capital.
With the Obama administration planning to resume full diplomatic relations with Syria—an embargo against nearly all exports to the country remains in effect—Syria is hoping to attract international investment, particularly for infrastructure projects. Biggs said that Assad indicated that the Syrian government is willing to ease its control over the country's economy.
Original Posting At: Finalternatives
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