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Bailey McCann, Opalesque New York:

London-based Sturgeon Capital is set to become one of the first hedge funds with an Iran strategy, as sanctions are finally lifted on the country. Iran has been relieved from sanctions as part of a sweeping international deal aimed at curbing the country's development of nuclear weapons. Sturgeon officially launched its Iran Strategy Fund on December 1, 2015, in partnership with Mofid Securities, the largest broker in Iran.

On January 16, the International Atomic Energy Agency (IAEA) verified that Iran had met its obligations under the Joint Comprehensive Plan of Action (JCPOA) which eased sanctions in Iran. With that easing, Iran will now be able to sell its oil on the open market; Iranian banks will now be able to connect to the SWIFT system, and sanctions have been lifted for the banking, insurance, automotive and petrochemical sectors. Businesses outside the US can also now freely do business with the US without being penalized by the US.

As a result of a more open Iranian economy, Sturgeon Capital says the investable universe has expanded considerably - providing new opportunities for investors looking for exposure to frontier markets.

When the Iran Strategy Fund launched in December of last year, 10 Iranian companies anchored the portfolio. According to a recent portfolio manager report obtained by Opalesque, the fund will now expand its universe of companies to include the whole of the Iranian stock market and som......................

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