Slovenian-based KD invests another 10m euros in pensions

Slovenian group KD intends to double the level of investments for its pensions company to 20 million euros within the next few years, according to the general manager of KD Fond de Pensii (KD Pension Fund), Carmen Radu. “So far, the investments reached 10 million euros, and depending on our results, we could invest up to the same amount,” said Radu. KD manages a mandatory pension fund and expects to account for a 5% market share by the end of the year. The company estimates it will reach assets worth around 150 million euros within the next five years. “According to our estimates and to our financial plan, I think we will derive a profit within 5-7 years,” says the general manager of KD Fond de Pensii. Next year, the KD Group could also enter the voluntary pensions market.