Prisma launches two funds with UBS and Goldman Sachs

The two funds, Prisma UBS Europe and Prisma Goldman Sachs Japan, will be officially launched on Thursday.

By SHARON WROBEL
September 5, 2006 09:12
1 minute read.
prisma 88 298

prisma 88 298. (photo credit: Courtesy photo)

 
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Prisma Investment House Ltd., the country's largest investment firm, has teamed up with global investment banks Goldman Sachs and UBS to launch two new mutual funds to widen investment opportunities for Israelis in Europe and Japan. "Prisma has managed to team up with the best global investment managers to provide the Israeli investor with advanced global financial instruments so that the investor can be exposed to attractive markets around the world," said Dov Kotler, CEO of Prisma. The two funds, Prisma UBS Europe and Prisma Goldman Sachs Japan, will be officially launched on Thursday. Prisma UBS Europe will invest at least 50 percent of the fund's assets in European markets, while the investment strategy of Prisma Goldman Sachs Japan will be to invest 90% of the fund's assets into yen-traded markets and companies. "This is the first time an Israeli mutual fund will be managed by UBS, who is much better in Europe, while Goldman Sachs is much better in Japan," said Kotler. Prisma was launched in May this year by venture capital fund Markstone Capital Partners and has assets of over NIS 50 billion under its management, resulting from key purchases it made from Bank Hapoalim and Bank Leumi last year. Kotler explained that through its parent company Markstone, Prism has been able to bring new products to the Israeli customer, including exclusivity in selling products from New York-based investment house Capital International and Credit Suisse.

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