The following news is from Sina Chehrazi, 2013 Compass Fellow from Georgetown and Founder of Zeeba Investment Group:
This year we launched the Zeeba Investment Group, a student-run equity fund structured to invest in the Qatar Stock Exchange. Unlike the archetype hedge fund, Zeeba prioritizes student impact alongside investment profits.
The business made significant progress in recent months. Now incorporated as an LLC in the state of Delaware, we have also found a firm in New York City that has agreed to help us with our accounting framework. After completing an operating agreement and recruiting a student executive board, we have managed to raise $15,000 in initial capital. Our mock portfolio has been studied and altered, and we have begun to put together a board of executive advisers comprised of professors and successful individuals from the finance world.
The Zeeba Group is now looking to secure a broker for entry in the Qatar Stock Exchange. Once securing a broker, we are hoping to enter the market on December 1st, 2010. We have also met with Georgetown officials and are in the final stages of preparing a Zeeba International Scholarship, which will fluctuate in size based on fund profits.
