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$IGEX Appointed Investment Manager for $50 Million Fund

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NYC Trader   Monday, 03/09/15 08:45:53 AM
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$IGEX Appointed Investment Manager for $50 Million Fund

JAKARTA, INDONESIA, Mar 05, 2015 (Marketwired via COMTEX) -- International Global Exchange (OTC PINK: IGEX) today announced it is in final stages of reaching an agreement to acquire 32% of an Australian-based Managed Investment Scheme. The undisclosed deal will see an IGEX appointment become a member of the investment committee and responsible for managing the Fund's Derivatives and Forex portfolio. IGEX will also be appointed to the board of the company once the transaction is completed. The ownership is split between managers and financial planners that are referring clients to the managed investment pool. The financial planners receive bonus equity on achieving new Funds Under management targets. This will ensure a continued flow of new funds and keep established funds within the system. IGEX will be responsible for managing 4% of the fund and 4% of new funds monthly. This will represent millions of funds under management and substantial revenue to IGEX.

In February 2015 IGEX reported its trading strategies gained 12.45% in January and 15.3% for February 2015, respectively, building upon consistent monthly gains posted since September 2014 resulting in returns of 49.29% for the period. These results are extremely good and if maintained IGEX will gain more of the investment funds in the future. IGEX is not required to share or spilt its revenues with the fund so the revenue derived from out returns are 100% retained by IGEX.

"Applying various risk-reward strategies to a $50 million fund will net IGEX a sizeable cash flow stream," stated John O'Shea, IGEX CEO. "We sought a strategic partner and these terms add value to not only IGEX and the Fund, but most importantly to the underlying clients of the Fund."

"Our risk management will run within the parameters of the Investment Mandate to achieve performance goals," added Mr. O'Shea. This is a unique opportunity to allow IGEX to expand in the funds management industry with ownership and allowing IGEX Super Trader to gain investment funds which will produce revenue for IGEX from day one.

The group behind the Fund was founded in 2012, an outcome of merging several entities into one. As a global provider of financial, advisory, investment and funds management services, the fund is focusing on making non-correlated investment returns by providing a diversified range of services to corporate, retail and wholesale clients.

"Our management approach fosters an entrepreneurial culture among staff. Strong compliance is the fundamental building block to this approach. Risk management practices are embedded in our business ethos," said the Fund's Managing Director. "These, together with a strong and committed team, are key drivers of our success."

The Fund is due to launch in March 2015 pending final regulatory clearance.

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