fund
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Proprietatea Fund posts record profit worth euro87m
Proprietatea Fund ended the first half of the year with a record net profit of 319 million RON (87 million euros), above the 313 million-RON reported for the whole of last year, after six-mo...
Biggest fund on the BSE freezes portfolio
Julius Baer International Equity Fund investment fund, the biggest foreign institutional investor on the Romanian capital market, closed almost no deal on the Bucharest Stock Exchange during...
-1.6% to 3.5% yields for mandatory pension fund after first month
The biggest yield after the first month of investing clients' money was recorded by ING, leader of the privately managed pensions market. Mandatory pension funds (2nd pillar) ranged from -1....
Half of Lafarge staff have joined a voluntary fund
Lafarge Romania, the largest cement manufacturer on the local market, has decided to contribute to a voluntary private pensions fund (3nd pillar) on behalf of its staff as part of the employ...
Best-paid private pension fund customer earns 89,000 euros per month
The best-paid employee to have joined a privately managed pension fund (pillar II) earns a gross income of 89,000 euros (330,850 RON) per month, according to the data collected by ZF. ZF sen...
Fund managers raise fees to drive speculators away
Mutual fund manager Certinvest has decided to triple the short-term repurchase fees for its Intercapital equity fund, which was the target of speculators in the first quarter. More than half...
BT takes 20m euros from DEG to fund SMEs
Banca Transilvania (BT), the fourth largest bank in the system in terms of assets, has taken out credit worth 20 million euros from German fund DEG. The bank will use these funds to sustain...
ING Foreign Fund joaca 4,7 mil. dolari pe Bursa
Fondul de investitii ING Foreign, inregistrat in SUA, detinea la finalul lunii ianuarie actiuni de 4,7 milioane de dolari la BRD, Petrom, Socep si cele cinci SIF-uri, societati listate la Bu...
Low volume of assets keeps mutual fund managers' salaries down
Investment managers make an average 1,500 euros a month on a mutual fund market where profitability is highly dependent on the volume of managed assets. The salaries earned by local investme...