UPDATE 1-Britain's Charlemagne plans Iran investment funds before sanctions lifted

April 7, 2015 12:25 PM

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DUBAI, April 7 (Reuters) - A British asset manager is teaming up with a Tehran-based firm to establish funds that will invest in the Iranian securities markets, in a sign that flows of foreign money into Iran may not wait for economic sanctions to be lifted.

London-based Charlemagne Capital, an emerging market asset management group with about $2.5 billion under management, said on Tuesday it would set up and promote the funds jointly with Turquoise Partners.

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