Mass Mutual And Leucadia Join Israel Discount Bank In New Investment Fund.

Two American companies -- Mass Mutual and Leucadia Insurance have joined together with Israel Discount Bank in starting a new partnership called Fimi Opportunity Investments. The joint partnership plans to invest in local shares traded on the Tel Aviv Stock Exchange, provide financing for local leveraged management buyouts, and invest in profitable Israeli companies. The partners will be on the lookout for companies that need their experience and know-how to expand operations in the American market. Each of the two American companies have invested $35 million in the fund and Israe