Believe it or not, it does not appear that Ayotollahs are terribly interested in this hot new bond fund.
Like it or not, a diplomatic deal between the United States and the Islamic Republic of Iran are maybe, possibly thawing a bit. So you know what that means; send in the hedge fund managers!
Turns out that the even though the ink isn't even totally dry on the tenuous nuclear deal, American investors are already salivating over all that Tehran cheddar.
Just ask Hans Humes, the CEO of $1 billion hedge fund Greylock Capital, who believes the country is ripe for American investment after he spent nine eye-opening days last month in the Islamic Republic.
“You can’t imagine a better business environment for Westerners coming in,” said Humes, ticking off the country’s attributes, including a highly educated, young population that is more wary of religion and enamored of all things Western.
But it appears that Humes days were "eye-opening" because his eyes might have been literally pried open during his stay.
Humes is known for being first on the ground into exotic emerging markets, typically buying distressed debt and then helping countries restructure it.
Iran isn’t quite ready for that. The hedgie tried unsuccessfully to get a meeting with the country’s top central banker — “just as a courtesy call” — and was detained briefly for his effort.
It's shocking to think that a nation already wary of everything that the US stands for is preemptively jailing our thirsty hedge fund managers. After all, look at all the good American hedgies have done for Greece and Puerto Rico.
Come to think of it, mayeb we've stumbled on the CIAs master plan. Thaw sh!t out with Iran, get them to trust us a bit and then put them in some seriously risky sovereign debt situations.
We're going off the grid now...
Hedgies ready for business in Iran [NY Post]