Turquoise Partners April 2017 Since 2005 Has established - - PowerPoint PPT Presentation
Turquoise Partners April 2017 Since 2005 Has established operations with over 110 employees in Tehran and a representative office in London. Has an extensive international client network. Is a recognized international brand. Is a
April 2017
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Has established operations with over 110 employees in Tehran and a representative office in London. Has an extensive international client network. Is a recognized international brand. Is a partnership between the management team and foreign investors. Combines local expertise with Western-educated, experienced management.
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2005
Turquoise Partners is founded
2009
Advisor on the acquisition of 40% of Iran’s largest insurance company (IB)
2010
Launch of domestic mutual fund
2011
Set-up of Sheypoor, a leading general classified website (IB)
2012
Co-founded Sarava Pars (Iran’s first technology VC fund)
2015
Launch of Iran’s first index-linked ETF (Turquoise TSE-30 ETF launched)
2006
Launch of Turquoise Iran Equity Fund (managing 90% of foreign portfolio investments
2010
Acquisition of Firouzeh Asia Brokerage
2011
Acquisition of Iran Industrial Development Investment Company (subsequently turned around with a return of 135% to date)
2012
Butane Industrial bond, 1st bond for a private sector company (IB)
2015
Advisor on the acquisition of Etebar Investment Company (IB)
2015
Launch of the 1st EU regulated fund focusing on Iran, in partnership with Charlemagne Capital
2016
Launch of the 1st EU regulated dedicated Sovereign Iran Bond Fund
2014
Domestic Turquoise mutual fund is ranked top performing fund
2017
To be launched: the 1st UK listed investment holding company focusing on the Iranian E- Commerce and Consumer sectors
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2005: Turquoise Partners founded 2006: Turquoise Iran Equity Fund launched (managing 90% of foreign portfolio investment on the TSE) 2009: Acquisition of 40% of Iran's 2nd largest insurance company (advisory) 2010: Launch of domestic mutual fund 2010: Acquisition of Firouzeh Asia Brokerage 2011: Acquisition of IDIC (a return of 135% to date) 2011: Butane Industrial (first bond issue for a private sector company) 2012: Seeded Sarava Pars (Iran’s first tech VC fund) 2012: European fundraising for Sheypoor, the leading classified site in Iran 2015: Launched first TSE Index-linked ETF 2015: Acquisition of Etebar Investment Company 2015: JV with Charlemagne Capital 2015: IPO of Lia Manufacturing on Farabourse (OTC) 2016: Launch of the 1st EU regulated dedicated Sovereign Iran Bond Fund 2017: To be launched: the 1st UK-listed investment holding company focusing on the Iranian E-Commerce and Consumer sectors.
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Enable the global community to access the best growth opportunities in Iran.
Generate superior returns for global investors through international expertise and deep market knowledge of Iran.
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London
Tehran
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AICO, Iran’s second largest insurance company.
in addition to investment banking services.
being granted a commodities trading license.
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Online trading platform with live market data for all customers Telephone orders Block trades Dedicated trader/trading station for large customers
Listing and IPO advisory Fixed income securities issuance and placement
Launched Iran’s first index-linked ETF (TSE-30 ILETF) in January 2015 Client Portfolio Management
global reach
cities: Tehran, Isfahan, Rasht and Yazd
twelve months
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To become the leading Iranian brokerage for foreign investors. To rank amongst the top 10 domestic firms.
To become the leading electronic broker for trading and market data. To expand and diversify our product base to meet client needs (e.g. ETFs, Sector Funds). To expand international activities to remain as the leading broker servicing foreign clients.
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Iran.
by Turquoise.
months out of 73 domestic mutual funds in Iran.
emphasis on value analysis rather than speculative investments.
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Exchange
29-Mar-17, 121.910 29-Mar-17, 127.420 29-Mar-17, 122.6
90 95 100 105 110 115 120 125 130 135 140
Index Rebased (in Euro)
Monthly Performance (Net in Euro)
CLASS B CLASS C TSE OVERALL INDEX Rebased to December 2015= 100 Mar-17, 142.8 Mar-17, 186.3 20 40 60 80 100 120 140 160 180 200
Index Rebased (in Euro)
Monthly Performance (in Euro)
TSE OVERALL INDEX TURQUOISE DOMESTIC FUND Rebased to 31 August 2010= 100
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13 Indication of the substitutions: Similar performance to MSCI EM despite sanctions and devaluation.
Index Performance Net in Euro As of 31 March 2017 1 M 1 Yr. YTD Turquoise Fund – Foreign (Class B/C)* 2.9% 4.0% 24.7% TSE Overall
22.6% Annualize Performance Net in Euro As of 31 March 2017 3 Yrs. 5 Yrs. 10 Yrs. Turquoise Fund – Foreign** 2.0%
4.2% Turquoise Fund – Domestic*** 14.0% 15.6% NA TSE Overall Index
3.2% 9.0% MSCI World 14.8% 14.3% 6.5% MSCI EM 10.1% 5.3% 5.0% MSCI FR (Net US$)
5.8%
* Inception Date: 30 Nov 2015 * Average performance of class B&C Exchange rates as ATG fund rates ** Inception Date: 31 May 2006 *** Inception Date: 15 Aug 2010
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Turquoise Group acquired a controlling minority stake in IDIC in 2011.
metals and private equity.
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Under new management
ROE (%)
average of 11.4% in the 3-years prior to the takeover, to 21.4% in the 5-years proceeding the takeover.
(ROA) increased from an average of 6.7% in the 3-years prior to the takeover, to 21.4% in the 5-years proceeding.
TSE in terms of liquidity, free float and transparency.
years without any article or clause.
1% 11% 3% 14% 17% 23% 34% 28% 13% 13% 0% 5% 10% 15% 20% 25% 30% 35% 40% Sep-07 Sep-08 Sep-09 Sep-10 Sep-11 Sep-12 Sep-13 Sep-14 Sep-15 Sep-16
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Restructuring advisory services.
entrepreneurs to attract international investors, help to develop their businesses and execute strategic transactions using our experience gained in similar businesses in other countries.
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transactions with our own capital and through our listed private equity investment company, IDIC.
adviser, we also bring the ability to advise on:
negotiation process
have access to detailed information and comparative data on many sectors of the Iranian economy.
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investing.
variety of sectors including consumer, financials, technology and real estate amongst others.
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Rouzbeh Pirouz Executive Chairman
(private equity and real estate investment company in London)
School Previously:
procurement business in Europe (sold in 2003)
Global Leader Education
Ramin Rabii Chief Executive Officer
Previously:
London
Tehran Education:
Studies, London University Vahid Nejad Hosseinian Chief Financial Officer
Previously: CFO - Xerox in Iran Senior Associate - Balli Group Iran Education: MSc.- Baruch College, NY BBA - Baruch College, NY
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Shervin Shahriari Chief Investment Officer
Previously:
financial newspaper, Donyaye- Eghtesad
the newspaper Education:
Jhubin Alaghband COO Turquoise Partners
Previously:
Office Equipment
Converting Business
Education:
Eddie Kerman Director of Business Development
Previously:
Wales (corporate & commercial law) Education:
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Cyrus Molavi Director, Asset Management
Previously:
Ltd.
Education
University of Durham
Institute of Securities & Investment
Radman Rabii Vice President of International Clients, Brokerage
Previously:
Procurement Manager at Tabarestan Steel Foundry (2009- 2011) Education
Reza Moradi Vice President of Investment Banking
incubator)
Previously:
industrial)
Education:
Isfahan University of Technology
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Mickael Gibault Senior Advisor to Turquoise Previously:
Sberbank CIB
Banking, Troika Dialog
Education:
Management, Paris
– Paris XI University
Association (EFB) Nick Harwood Senior Advisor to Turquoise Previously:
Markets, Troika Dialog
Citigroup Education:
Institute of Technology
(Finance) – Cape Town University & Investment
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UNDER NO CIRCUMSTANCES SHOULD THIS PRESENTATION BE COMMUNICATED, TRANSMITTED OR OTHERWISE SHARED WITH PERSONS DOMICILED, RESIDENT OR BASED IN THE UNITED STATES OF AMERICA ITS TERRITORIES OR POSSESSIONS OR WHO MAY OTHERWISE BE CONSIDERED AS UNITED STATES PERSONS, INCLUDING REPRESENTATIVES OF UNITED STATES COMPANIES OR NON-UNITED STATES SUBSIDIARIES OF UNITED STATES COMPANIES. THE FUND WILL NOT ACCEPT INVESTMENTS WHICH ARE OWNED, DIRECTLY OR INDIRECTLY, BY US PERSONS. ANY US PERSON WHO WERE TO INVEST IN THE FUND WOULD BE ACTING IN BREACH OF U.S. SANCTIONS LAWS. This document has been issued by Turquoise Partners for information purposes only and is not to be construed as a solicitation or an offer to purchase or sell any security or other financial instrument or to any particular category of investors in jurisdictions in which such an offer or solicitation to the public or to any particular category of investors is illegal. Although the material in this report is based on information that Turquoise Partners considers reliable, Turquoise Partners does not make any warranty or representation (express or implied) in relation to the accuracy, completeness or reliability of the information contained herein. Any
liability whatsoever for any direct, indirect or consequential loss or damage of any kind arising out of the use of all or any of this
information does not constitute any form of recommendation related to the personal circumstances of investors or otherwise, nor does it constitute any specific or general recommendation to buy, hold, or sell financial instruments and does not thus create any relationship between Turquoise Partners and any investor. The document may not include all the up-to-date information required to make investment decisions. Other more accurate and relevant sources of information may exist. Investors should thus diligently inform themselves about the chances and risks of the investments prior to taking investment decisions. In addition to the financial aspects, this should include, in particular, the legal and tax aspects of the investments. It is strongly recommended that any potential investor should contact a financial adviser and, where required, a lawyer or tax adviser. Furthermore, it should also be considered that the future performance of financial instruments and their return cannot be inferred from their past performance. The value of investments may go down as well as up and investors in financial instruments should be capable of bearing a total loss of investment. Neither Turquoise Partners nor any third party content provider shall be liable for any errors, inaccuracy, delay
accuracy of the content provided, or as to the use of the information for any purpose, as far as legally possible. This material is for the use of intended recipients only and neither the whole nor any part of this material may be duplicated in any form or by any
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