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FG Hemisphere

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FG Capital Management, Ltd.
Company typePublic
IndustryInvestment management
Headquarters
New York, New York
Area served
Worldwide
Key people
Peter Grossman
(Managing Director & Co-founder)
Keith R. Fogerty
(Co-founder)
ProductsEmerging markets
Websitehttp://fgcap.net/index.html

FG Capital Management, Ltd. is an American investment management firm based in New York, New York[1] that focuses on emerging markets from equity investments to debt restructuring.[2]

Solutions

FG Capital Management investigates and exposes financial fraud as part of it management of distressed assets. FG Capital's also engages the media politicians, governments, and international organizations to expose and combat corruption.[3]

FG Hemisphere Associates

FG Hemisphere Associates is a "special-purpose vehicle" managed by FG Capital. It was set up to purchase sovereign debt claims where countries, rich in natural resources, had too little revenue from these resources ending up in the national treasury. FG Hemisphere states that "these countries were suffering from lack of proper management, not a lack of resources" while emphasizing "governance and transperency reforms will recapture this lost revenue for the public coffers."[2]

Congo

FG Capital Management sued the Democratic Republic of Congo for $100 million after acquiring debts owed to Bosnian state company Energoinvest for $2.6 million. Former Bosnian prime minister, Nedzad Brankovic approved the deal and was investigated on corruption charges during his stint at EnergoInvest.[4]

Zimbabwe

Guinea

Liberia

Libya

South Africa

Iran

See also

References

  1. ^ Mao, Debra (21 March 2011). "Vulture Fund May Cause 'Constitutional Crisis' in Hong Kong". Bloomberg. Retrieved 19 July 2014.
  2. ^ a b . FG Capital Management, LTD. http://fgcap.net/index.html. Retrieved 19 July 2014. {{cite web}}: Missing or empty |title= (help)
  3. ^ . FG Capital http://fgcap.net/experience.html. {{cite web}}: Missing or empty |title= (help)
  4. ^ "Vulture funds – the key players". The Guardian. 15 March 2011. Retrieved 19 July 2014.