European Accession Fund Adds Hungarian-American Enterprise Fund Team as Sub-Advisor.Business Editors NEW YORK--(BUSINESS WIRE)--March 18, 2002 Dave Williams Dave Williams may refer to:
The right to all that one's own property produces, whether that property be movable or immovable; and the right to that which is united to it by accession, either naturally or artificially. Fund. The Fund, currently in an asset raising phase, will make private equity investments in companies located in Central and Eastern European countries that are expected to join the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community in 2004-5. The Hungarian-American Enterprise Fund, a private equity fund established by the U.S. Government in 1990, is managed by MAVA MAVA Mid-Atlantic Venture Association MAVA Minnesota Association for Volunteer Administration MAVA Martin Van Buren National Historic Site (US National Park Service) MAVA Massachusetts Association of Vocational Administrators Capital of Budapest, Hungary. The same investment team manages a parallel private fund, Hungarian Equity Partners. Williams stated, "With its long history of private equity investing in Hungary, the Enterprise Fund team should be well-positioned to contribute Hungarian-based deal flow to our European Accession Fund. We are proud to be associated with this distinguished organization." George Gould, chairman of the Hungarian-American Enterprise Fund, noted, "The sub-advisory relationship with the European Accession Fund provides an expansion of the opportunities for our management team, which we value highly." The Hungarian-American Enterprise Fund was formed in 1990 by The Support for East European Democracy Party founded in 2000 by Sergio D'Antoni, former head of the Catholic-oriented trade union called CISL, Giulio Andreotti and Ortensio Zecchino, all spliters of the Italian People's Party. Act of 1989 to promote the development of the Hungarian private sector and to encourage policies and practices conducive to such development. At that time, the U.S. Congress authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: $60 million for the Fund for investment programs and administration, and $10 million for non-reimbursable technical cooperation grants. |
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