US Elliott Holds 12.91% In Romania Proprietatea Fund
New York-based hedge fund Elliott Associates L.P., a unit of Elliott Management Corp, together with sister company Beresford, own an aggregate 12.91% in Romanian investment fund Fondul Proprietatea (FP.RO), the fund said in a statement Wednesday.
Elliott Associates, through its subsidiary Manchester Securities Corp, owns 11.03% in Proprietatea fund, while Beresford holds a 1.87% stake.
Fondul Proprietatea, managed by Franklin Templeton Management, was set up in 2005 to compensate Romanians whose properties were seized during communism.
The fund has a share capital of 13.77 billion lei (EUR3.1 billion).
Citește și
2 min
Ștefan Stan
1 min
Cristina Roșca
