One of the most attractive as-pects of investing in Iraq, according to Mr. Rice, is the fact that investments in local businesses are insured by the Overseas Private Investment Corp., a government agency.
“Political-risk insurance is dirt-cheap and backed by the U.S. government,” he said. “They will repay 90% of your capital investment if there’s any damage, and as the factory appreciates in value, the insurance is adjusted accordingly.”
The interesting thing about both of these funds, is that both are managed by former soldiers. Where as I will not recommend one over the other, or even tell you to put money into these funds (if you have a 100,000 dollars to spare-lol), I did think it was interesting to put up the information about such a thing. I am cheering on Iraq and all of it’s development possibilities, and investment is a key component of that. Also, with their port and river access, oil profits, and the Overseas Private Investment Corp. covering investments, investing in Iraq becomes more attractive. –Matt
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Ex-soldier eyes surge in Iraq’s prospects
Leaves wealth manager for private-equity firm that he co-founded
By Charles Paikert
June 7, 2009
Dan Rice’s decision to leave his job as managing director at Convergent Wealth Advisors last month to work full time as a partner for Marshall Fund Capital Advisors LLC may seem like a conventional enough career move.
That is, until you realize where Marshall Fund, a New York-based private-equity firm, is investing. It takes stakes in “small and middle-market companies in the agriculture, tourism, alternative energy and consumer sectors” of Iraq, according to its prospectus.