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Israel Hedge Funds Defy Iran Threat Multiplying in Tech Center

BusinessWeek – Tal Keinan, an Israeli fund manager, was ready for the question he’s always asked when he met with investors in New York in October: Why put your money with a manager whose country Iran has threatened to obliterate.

“We tell them ‘if the Iranians attack, the worst thing that can happen is you lose your money manager not your money,’” Keinan, chief executive officer of Tel Aviv-based KCPS & Company, which oversees $1 billion in assets, said in an interview on Oct. 14. “The notion is trade global markets with global assets and clients, but just do it from Israel because of the concentration of talent here.”

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