Eurasia Capital Management (ECM) has created the first-ever Uzbekistan-dedicated hedge fund. The Uzbekistan Growth Fund was launched in September with initial capital of just $5 million but ECM founder and managing partner Alisher Ali Djumanov believes that the open-ended investment vehicle could grow substantially over the next couple of years.
“We think that there are at least $100 million of potential projects out there,” says Djumanov. “We can have a meaningful impact in Uzbekistan with this dedicated country fund.”
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