OTP Bank Romania has signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP Bank Romania has become the distributor and payment agent in Romania for mutual investment funds managed by Eurobank Fund Management. “The partnership with Eurobank Fund Management Company is an opportunity to grow OTP Bank Romania’s portfolio, both in terms of investment products and number of investors. Currently, the bank distributes over 50 open-end investment funds managed by renowned asset management companies, and through this partnership we will be able to offer our clients a comprehensive range of investment alternatives,” stated Corina Stoica, director Private Banking and Financial Advice Division, OTP Bank Romania. The distributed funds are handled by investment management companies in Romania, such as OTP Asset Management SAI SA and in Luxembourg, such as NN Investment Partners or … [Read more...] about OTP Bank signs a partnership with Eurobank for the distribution of investment funds in Romania
Open ended investment companies
Finance Minister Albayrak holds meetings with largest US investment companies, banks
Treasury and Finance Minister Berat Albayrak pursued intense economic and financial diplomacy in New York, where he also attended opening of the 73rd session of the U.N. General Assembly this week. On Thursday, Albayrak held meetings with the largest U.S. investment companies, including Stone Harbor, Alliance Bernstein, Massachusetts Financial Services, Neuberger Berman, Wellington Management, NWI Management, Lazard, PGIM and Invesco, and the banking giants such as Citibank, JP Morgan and Goldman Sachs. The individual meetings with each investment company or bank were attended by CEOs and chairmen in charge of developing countries. The total assets managed by the investment companies joining the meetings amounted to $5 trillion. Albayrak also met with Cyril Muller, the World Bank's vice president in charge of Europe and Central Asia. "We have prepared our road map and will implement it with determination," Albayrak said, responding to questions about Turkey in the meeting that was held … [Read more...] about Finance Minister Albayrak holds meetings with largest US investment companies, banks
Details of takeover bid revealed as FSG remain open to investment
Fenway Sports Group have reiterated that Liverpool FC is not for sale after a proposed £2billion takeover of the club failed. However, the Reds' American owners remain open to the idea of selling a minority stake in return for the right investment. It has emerged that Abu Dhabi-based Sheik Khaled Bin Zayed Al Nehayan, the cousin of Manchester City owner Sheik Mansour, tried to buy Liverpool earlier this year. The £2billion offer would have been the most expensive takeover in the history of football with Midhat Kidwai, the managing director of Sheik Khaled's conglomerate of companies, meeting Liverpool chairman Tom Werner in New York. The Mail report that the buyout that would have been a joint venture between Sheik Khaled and a minority stake Chinese partner. FSG admit there was interest but have played down the significance of the discussions that took place. Liverpool's owners use the services of Allen & Company, a New York-based boutique investment bank, to vet and … [Read more...] about Details of takeover bid revealed as FSG remain open to investment
Rising oil prices to support Russian stocks at opening
MOSCOW, Jul 4 (PRIME) -- The Russian stock market may rise at opening due to oil prices recovery and consolidate later in the day on weak investor activity amid Independence Day celebration in the U.S., analysts said on Wednesday. “We expect the MOEX Russia Index to open moderately, around 0.3%, higher at 2,310… In the first minutes of trade the local market will price in the morning’s rise of crude prices. After a moderately positive start, the benchmark may consolidate as the external background will have a weak influence,” Vitaly Manzhos, senior risk manager at investment company Nord Capital, said. Olma senior analyst Anton Startsev said that non-residents are likely to demonstrate low activity due to Independence Day celebration in the U.S., and the European statistics releases will have only limited influence on the market. He expected the RTS index to continue consolidation. Manzhos agreed that the market is likely to consolidate during the day, but … [Read more...] about Rising oil prices to support Russian stocks at opening
China eases investment curbs as clash with US looms
BEIJING - Associated Press China has eased limits on foreign ownership in auto manufacturing, insurance and other fields but didn’t directly address complaints that are fueling conflict with Washington over trade and technology. The investment changes, announced late Thursday, had been sought by Washington, Germany and other trading partners. They complain Beijing blocks access to much of its state-dominated economy while Chinese companies operate freely in other countries. China’s announcement followed U.S. President Donald Trump’s threat, rescinded on Wednesday, to restrict Chinese investment in the United States. But it reflected official confirmation of promises made as early as last November, before the latest dispute erupted. Many of the changes "were previously articulated by China’s senior leaders," said Jake Parker, vice president for China operations of the U.S.-China Business Council, an industry group. "But they still represent in theory significant … [Read more...] about China eases investment curbs as clash with US looms