By Chris Keohane, August 22, 2006

GABM President, Mark Paulsmeier announces the closure on the GABM Investment Fund I, which is the third $ 1 billion capital fund of Global Association of Billionaires and Millionaires.

The fund has been fully subscribed within an astonishing 90 days, thereby indicating the huge demand for the GABM capital funds as investment vehicles.

The capital of the GABM Investment Fund I has been invested with several recognized international fund managers in financial instruments and capital markets all over the world to secure a consistent and above average return on investment.

Mr. Paulsmeier has confirmed that fifty percent of the proceeds of the GABM Investment Fund I fund will be utilized as funding capital of the GABM organization's global philanthropic programs.