Elsanor Development Committee

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Elsanor Development Committee is a board of trustees selected by the King of Elsanor to manage the investments and subsidiary companies of the National Reserve Fund.

The National Reserve Fund was established in 2014 as an independent investment company aiming to strengthen the local economy through strategic investments, while maximizing long-run returns for its ultimate shareholder; the people of Elsanor. It was funded with donations from several prominent citizens of Elsanor, and first envisioned by James I. Since January 2014, King Eric I serves as Chairman of the company.

Organization

Assets

In October 2016, its assets had an estimated value of $105,000, with an average annual performance of 11.3% since its inception in 2014.

The NRF’s wholly owned subsidiaries include:

  • Kingdom of Elsanor Trust
  • Elsanor National Inc
  • Elsanor Farms, LLC

The NRF has a minority stake in the following projects:

  • Aubrey, Aubrey, Bilon & Ball LLP
  • Garden Circle Investments LLC
  • DynaCapital LLC