Leading Polish investment fund to be investigated

The investigation shall concern the financial institutions whose employees were involved in the informal agreements between the biggest funds. Witold Pochmara, deputy chairman of KPWiG, said that the commission shall initially look into the proceedings of one fund only. Although Pochmara has not named the institution, he obviously meant Pioneer Pekao Investment Management. The commission may impose a fine of up to zl.500 thousand on the fund management company whose employee has violated the law. Currently, the commission is investigating the practices of several investment advisors, among them Jakub Bentke, an ex-manager in PTE PZU, Andrzej Blachut from AIG PTE, as well as Mariusz Adamiak, director of the assets managing department in Pioneer Pekao IM. (Puls Biznesu, pp. 1-4) A.M.