Overview:
The Dual Return Fund loans money to microfinance institutions (MFIs), which are retail micro-lenders.
Description:
The Dual Return Fund is a sub-fund of Vision Microfinance created in 2006 to finance microfinance institutions (MFIs), which are retail micro-lenders. The Dual Return Fund maximizes both the risk-return profile to benefit the investor and the social outreach to small and medium enterprises in emerging economies. The Fund is managed by Absolute Portfolio Management GmbH, an Austrian investment company specialized in absolute return products and microfinance. Vision Microfinance a group based in Luxembourg that creates funds that maximize both risk-return and social outreach.
Microfinance Information Exchange (MIX) Profile:
http://mixmarket.org/funders/dual-return-fund
Organization’s Website:
http://www.visionmicrofinance.com/index.php?id=252&L=1
Just the Facts:
Country of Incorporation: Luxembourg
Year Founded: 2006
Legal Status: Luxemburger SICAV II
Fund Assets (as of day/month/year): USD 95.9 million (as of 31/December/09)
Fund Assets Allocated to MFI Investment (as of day/month/year): USD 89.6 million (as of 31/December/09)
Number of MFI Investments (as of day/month/year): 65 (as of 31/December/09)
Area of Operation: Global
Participant(s)/Backer(s)/Investor(s): Vision Microfinance
Instruments: Loans and Debt Securities
Fund Currency: EUR
Investment Horizon: 5 years
Fund Manager: Absolute Portfolio Management GmbH
Contact Information:
Arman Vardanyan
Fund Manager
arman.vardanyan@absolutepm.at
+43 1 533 59 76 32
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Additional Resources:
LuxFlag Grants Label to Vision Microfinance and responsibility Microfinance Investment Vehicles (May 2008)
https://www.microcapital.org/press-release-luxflag-grants-label-to-vision…
Latest news from Vision Microfinance
http://www.visionmicrofinance.com/en/latest-news/overview/single-news/ar…
Counterpart Enterprise Fund completed the deal on attracting the financing from Dual Return Fund (Austria) (July 2008)
http://www.rmcenter.ru/en/news/detail.php?ID=2770
Link to Microcapital Universe Wiki page
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=DUAL+RETURN+VISION+MICROFINANCE+FUND
Authored by Kenny Kline, Research Assistant
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