KD partners with Carpatica

Funds managed by KD Investments Romania, a Slovenian investment manager, will also be distributed through Banca Carpatica.

The Slovenian company at present manages a single fund, but plans to launch another four this year.

KD Investments was among the few management companies that did not have a distribution contract with a bank. The company intended to set up its own distribution network to also distribute the funds of other managers. The first “financial outlet”of this network was opened in the middle of last year in the capital city and the Slovenians plan to open more territorial branches.

“We will expand to three financial outlets in Bucharest and we also plan to open offices outside the capital city,”says Cosmin Paunescu, head of the management company.

Carpatica owns a network made up of approximately 140 branches, ranking seventh in the banking system along this criterion, compared with the 19th position it holds in terms of the value of assets at the end of last year.

MD Maximus, the only fund that is currently managed by the Slovenians, at the end of last month held assets standing at 3.7 million euros and had almost 800 investors. The fund had 46 percent of assets placed in stock listed on the Stock Exchange, with the rest accounting for placements in banks.

The four funds the Slovenians will launch this year will be a monetary fund, which includes an investment component of up to 20 percent in stock, a diversified fund, which is set to invest about 50% of assets in listed stock, a fund that will invest in other funds on the market and especially in diversified and equity funds, and a fund that will track the Stock Market BET index.

After it launches these funds, KD is likely to have the most diversified fund offering, while the manager handling the highest number of funds at present is Certinvest, with four funds.

KD Investments is part of the Slovenian financial group KD Group, operating in Slovenia, Slovakia, Serbia, Croatia, Bulgaria, Montenegro and Luxembourg. In Romania, the group has developed activities on the stock exchange brokerage and insurance segments. vlad.nicolaescu@zf.ro