Dublin / Zurich
: The International Forestry Fund - a joint venture of the I.F.S. Asset Managers Ltd and Helvetia Wealth AG of Switzerland - today announced that the former Irish Prime Minister Bertie Ahern will become Chairman of the fund as of January 1, 2010.
The International Forestry Fund, created in March 2009, is offering the opportunity of direct forestry investment to institutional investors. The Fund invests in forestry in Ireland, the UK, and Central America [...]
The fund buys existing forests, or land which is then afforested. Key to its strategy is that it will acquire the title to all properties for the benefit and protection of its investors [...]
Commenting on today's announcement Bertie Ahern said: "I am delighted and honoured to be joining the International Forestry Fund at this very exciting time for this sector. The stewardship and use of forests and forest lands in a way that is productive and progressive is vitally important today and for future generations [...]
The Irish Forestry Funds have a track record spanning 13 years delivering an average 9% p.a. return for their investors.
"The idea of creating the International Forestry Fund was born after the original Irish Forestry Funds could not accept further investments simply because the availability of suitable land for forestation in Ireland is finite", explained Trevor McHugh. "We have spent a number of years establishing the necessary relationships required to launch a Forestry Fund of this nature and are delighted to have engaged with Helvetia Wealth AG from Switzerland who are the Fund Managers to the International Forestry Fund"
About Bertie Ahern:
Bertie Ahern is the first person since 1944 to be elected prime minister of Ireland on three successive occasions. At each step, he laid the foundation for a renewed Ireland that will benefit future generations of Irish. Mr Ahern implemented bold economic initiatives that included corporate tax incentives and education reform. His efforts laid out a welcome mat for international corporations, making Ireland an attractive location for foreign companies which drove job creation for over a decade.