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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.One big obstacle to foreign investment is sanctions that make cross-border money transfers very hard and largely freeze Iran out of the global financial system.Turquoise says it manages about $70 million of foreign money, more than 90 percent of the foreign capital currently in the Tehran Stock Exchange, plus $130 million of local funds.
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