CA IB Investment Fund boosted through takeovers

The CA IB Investment Fund will take over the management of funds currently run by the PBK Atut Investment Fund, both of which belong to the Bayerische Hypo und Vereinsbank group (HVB). After this transaction, CA IB-managed assets will increase from zl. 442 million to almost zl. 630 million. Some of the PBK funds will merge with those of CA IB. At the same time, the European Bank for Reconstruction and Development (EBRD) will purchase 19.9% of shares in the CA IB Investment Fund from CA IB Securities, and will invest zl. 30 million in the fund. "This will be an investment for at least seven years", "We want to support the development of the local capital market through this investment," said EBRD representative Irene Grzybowski. She continued, "We believe it is important to create a positive atmosphere for long-term savings". Last year, CA IB Investment Fund made a net loss of zl. 4.6 million. (Rzeczpospolita, p. B7; Parkiet, p. 7) M.T