FXI raise capital and starts the new fund
FX International AB (publ) and Valor o.c.p., A.S. (Valor) agreed on June 28, 2016 to start a currency trading fund directed to institutional and qualified investors. Valor is an asset management company in Bratislava, Slovakia, and their activity is regulated by the National Bank of Slovakia
Since the agreement the trading system has been tested and the parties have now agreed that it meets the requirements set up by the parties. The activities to get the fund structure in place will be completed in December 2016. The launch of the fund is planned to take place January 2, 2017.
The Fund creates a market independent and safe management form in the FX market. FXI has the role of the fund's advisor, London-based Coppin Collings Ltd is the fund's investment manager and fund administrator will be Apex Fund Services (UK) Ltd.
Valor will at launch contribute with at least 3 MEUR and has committed to insert an additional 7 MEUR latest in June 2017.
Meanwhile, activities will be launched in order to attract more capital from the market with the goal to raise significantly larger amounts during 2017.
Helsingborg September 29, 2016
For further information contact:
Lars Eriksson, VD Johan Wiklund, Styrelseordförande
Tel: +46 (0)709 68 10 04 Tel: +46 (0) 708 14 28 28
E-post: lars.eriksson@fxi.se E-post: johan.wiklund@fxi.se