Romanian Investment Fund Fondul Announces London Listing
Basarab bridge in the night, Bucharest, Romania

Fun fact: The world’s largest closed-end fund is in… Romania?  Fondul Proprietatea, which was set up in 2005 to compensate victims of the late and unlamented Ceaucescu regime, maintains over US$ 3 billion in assets.  It attracts high-profile attention as well; Franklin Templeton manages the fund, and US super-investor Paul Singer just announced that he has increased his ownership stake to over 20%.  In April Fondul launched a secondary listing on the London Stock Exchange in a bid to boost the profile of the much smaller Bucharest market.

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