Tectona brings new teak fund to market

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GLOBAL - Tectona G Capital and Investment Managers, GlobalReach Securities has launched a timber fund that could draw between US$130m - $200m of institutional money, the firm said.

The Tropical High-Grade Hardwood (Teak) Fund will invest in Forest Stewardship Council certified green-field teak plantations in Brazil and Panama, the Irish firm said. The fund will target returns...

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