Euphrates Advisors LLC manages the Euphrates Iraq Fund Ltd, a vehicle focused on equities listed on the Iraq Stock Exchange.

The Euphrates River and the Desert Beyond, Anbar Province of Iraq

Managing Member

Geoffrey Batt has been investing on the Iraq Stock Exchange since January 2008. In October 2010, Mr. Batt launched the Euphrates Iraq Fund. Prior to his Iraq investments, Mr. Batt was an analyst at Quantrarian Capital Management. He is a Senior Advisor to the Atlantic Council's Task Force on the Future of Iraq. Mr. Batt studied philosophy at Columbia University.


Grant Felgenhauer joined Euphrates Advisors in April 2012. Prior to joining Euphrates, Mr. Felgenhauer was a partner at Hermitage Capital Management. During his eight years at Hermitage in Moscow and London, Mr. Felgenhauer co-managed the firm's holdings in emerging and frontier market equities and was instrumental in diversifying the firm's fund offerings beyond the Russian market. Mr. Felgenhauer holds a BA in Economics from Yale and a JD from Columbia Law School. He is a member of the New York Bar.


Daniel Cloud co-founded Firebird in 1994, one of the first funds to invest in post-Soviet Russian equities. Dr. Cloud holds a PhD in philosophy from Columbia University. Dr. Cloud taught at Princeton University from 2008 through 2015. He currently teaches philosophy at Columbia University.

For more information about the Euphrates Iraq Fund, please contact us at:

Euphrates Advisors LLC
14 Wall Street, 20th Floor
New York, NY 10005

Phone: +1 212 837 7728