KIEV, July 24 - Hansberger Global Investors (HGI) of the U.S. has set up a direct investment fund to invest about $400 million in the Ukrainian economy, Viktor Ivchenko, head of the State Investment and Innovation Agency, told Interfax.

"I took part in a road show in Singapore for a shared investment fund. I think it collected at least $400 million and almost everyone signed up on co-investment terms. Taking this into account, total investment could be just under a billion dollars," he said.