Bank of New York reveals it strategy for Poland

The concern will offer private equity funds, hedge funds and real estate funds. The private equity fund is to be launched first and will begin operations with Capital Partners as its broker as soon as it receives consent from the Securities and Exchange Commission. "BNY manages assets on a hundred markets across the world. Now we are entering Poland and offer our customers the possibility to invest on the markets in the USA and Europe," declared BNY Capital Markets managing director Behdad Alizadeh. BNY National Trust wants to gain the interest of Polish pension and investment funds. "The advantage of private equity funds is the possibility to diversify assets with regard to class and market," stated BNY National Trust president Marcin Podobas. Poland is an attractive market for the American company due to the dynamic growth of the funds - within a year the assets of pension funds increased by 40% while the assets of investment funds grew by 70% within the same period. (Puls Biznesu, pp. 1, 6) E.B.