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Rating:New Fund Firm Starts With Israel Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 01, 2002

New Fund Firm Starts With Israel

by: Sean Hanna, Editor in Chief

At least on firm sees opportunity where others may see only strife. Los Angeles-based Blue and White Investment Management is bringing a new fund focusing on Israeli companies to the market. The Blue and White Fund will invest both in US-listed companies and those listed only in Israel.

The fund is the brainchild of Los Angeles broker Eplboim Poutre & Co. and Tel Aviv-based investment bank RAMCO. The two firms each own 50 percent of Blue and White Investment Management. Eli Herman who works from the firm's Los Angeles office will handle marketing of the fund.

U.S. Bancorp is handling all of the services and administrative elements of the Blue and White Fund, Deloitte & Touche is the fund's accountant and auditor and Holland & Knight is the legal representative.

"We believe Israeli companies offer an excellent investment opportunity. We perceive there to be tremendous value and long-term strength in many Israeli companies that are well positioned within their markets and are in a strong financial position to enable them to experience tremendous growth as the global economy recovers," said Shlomo Eplboim, chairman and chief financial officer of The Blue and White Fund.

The firm will distribute the fund through broker-dealers and will come in both A and C share classes, said a spokesperson for the firm. It is currently in negotiations with partners to finalize its first selling agreements. "The prospectus is still in printing and the first agreements will not be signed until it is done," said the spokesperson. 

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