Syed Md Shafiqul Rahman, Managing Director of Blue-Wealth Assets, and Md. Mizanur Rahman, Company Secretary of Sandhani Life Insurance Company, signed a trust deed agreement for the 'Blue-Wealth First Stable Return Fund' on Wednesday. Blue-Wealth Assets Limited is set to launch its second mutual fund, the 'Blue-Wealth First Stable Return Fund', with an initial target size of Tk 300 million, says a press statement. The company will serve as both the sponsor and asset manager of the fund. The chairman of the asset management company, Kazi Mahmud Sattar, has successfully led some of the country's top banks and financial institutions for nearly 40 years.
The trust deed agreement for the new fund was signed on Wednesday between Blue-Wealth Assets Limited and Sandhani Life Insurance Company Limited, which will act as the trustee.
Syed Md. Shafiqul Rahman, Managing Director of Blue-Wealth Assets, and Md. Mizanur Rahman, Company Secretary of Sandhani Life Insurance, signed the agreement on behalf of their respective organisations. Senior officials from both companies were also present at the signing ceremony.
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