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Romanian Fund Lines Up London Listing to Boost Investor Access

Fondul Proprietatea, a $3.5-billion Romanian closed-end fund managed by Franklin Templeton, is planning a secondary listing in London by the beginning of May. Through the listing, managers hope to open up the fund to a broader base of investors who have currently limited access to Romania, according to Grzegorz Konieczny, the fund’s portfolio manager. The fund was set up by the Romanian government in December 2005 to ...

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