International Assets Holding Corporation (the "Company") (Nasdaq:IAAC) today announced that their joint venture partner INTL Consilium will be launching a fund dedicated to the Africa and Middle East Region. The fund will invest in both debt and equity instruments in Africa and the Middle East. It is expected to launch on July 1, 2008 with an estimated $100 million in assets. INTL Consilium is already one of the largest foreign investors in Africa with over US$700 million currently invested in eighteen countries across a broad range of debt and equity securities.
About INTL Consilium LLC
INTL Consilium LLC is a highly experienced global investment manager specializing in emerging markets based in Fort Lauderdale, FL, with operations in London. The principals possess over 30 years experience in Emerging Markets and have worked together for ten years. As of April 30, 2008, the firm managed over US$2 billion in total assets. The firm has been registered with the SEC since inception and the London Branch Office is authorized and regulated by the FSA.
About International Assets Holding Corporation (Nasdaq:IAAC)
International Assets Holding Corporation and its subsidiaries (the ´Company´) form a financial services group focused on select international securities, foreign exchange and commodities markets. We commit our capital and expertise to market–making and trading of international financial instruments, currencies and commodities. The Company´s activities are currently divided into five functional areas –– international equities market–making, international debt capital markets, foreign exchange trading, commodities trading and asset management. Additional information regarding the Company is available on the Company´s website at http://www.intlassets.com.
