A press release by Aldesa states that the fund, entitled “the Aurora Fund”, will be administered by INS SAFI investment and will invest in shares of the Ad AstraRocket Company, which was founded and chaired by astronaut Franklin Chang Diaz.
The statement goes on to say that “This fund, pioneer in the Costa Rican stock market, will invest up to 40% of its portfolio in shares in the Ad Astra Rocket company, and the minimum investment amount is ¢50,000. ($100) Additionally, the fund will invest a portion of its portfolio in Costa Rican government securities, with the aim of achieving an appropriate balance on the part of the portfolio that invests in shares of the company.”
More on this topic
July 2010
This fund would consolidate all the shares owned by the State of Panama in several companies.
The government of Panama has requested proposals on how to organize this fund to three investment banks: Merrill Lynch, J.P. Morgan and Macquarie Capital.
“Panama’s Finance Ministry reported that this proposal is being analyzed, and explained that the fund will be state-owned, as it would be made of assets owed by the State of Panama”, reported Prensa.com. “Authorities are also considering administering the fund through a holding company”.
May 2011
Four businesses have acquired part of the investment fund management company .
The sale of this subsidiary of Interbolsa is the latest in the list of changes and restructuring experienced by the Group since 2009, when it closed its money exchange office.
From that point on the company has undergone several changes, from the closure of the stock exchange office in April 2010 to the liquidation of its office in Panama, which operated under the company name IB International.
December 2011
The crisis of 2008 halted the development of the ambitious project in the Gulf of Papagayo tourist hub, and solutions are being sought to maintain it.
The project is owned by Monte del Barco Real Estate Fund, administered by Aldesa Investment Funds.
There is need to resolve the financial situation of the project in order to continue with its development, so solutions have emerged such as the purchase of lots by the same investors in the Fund, which so far has not been successful, and the transfer of part the land to a group of providers in exchange for building the basic infrastructure so as to enable the project to continue.
November 2009
HSBC's Investment Fund unit announced they will only manage international funds.
This decision will affect over 1.000 investors with over $52 million in assets.
"The company announced that it began liquidating its funds on November 12, and that it will conclude on December 12", reports Nacion.com.
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