By Aduragbemi Omiyale
On Saturday, August 24, 2024, Alpha Morgan Capital, one of the top brokerage firms in the Nigerian capital market, will launch its $2 million dollar fund.
Business Post reports that the Alpha Morgan Dollar Fund was created to provide investors “with a rewarding investment opportunity, leveraging the strength of the US dollar and expert fund management.”
The company further explained that the fund was tailored to help subscribers meet the objectives of diversifying their portfolio, securing their wealth in a strong currency, or planning for future financial needs.
“With its focus on income generation and robust risk management, the Alpha Morgan Dollar Fund is your gateway to financial growth and security,” the firm said in a notice sighted by this newspaper.
Alpha Morgan stated that the $2 million offer comprises about 20,000 units sold at $100 each, with a minimum subscription of 10 units ($1000).
The company stated that this income-generating asset class would be held by investors for a minimum of 180 calendar days (six months) from the subscription date, and it is open to both resident and non-resident qualified Nigerian retail and institutional investors.