New alternative investor plans to launch hedge funds on Polish market

The firm is now waiting for permission from the Securities and Stock Exchange Commission (KPWiG) to start brokerage activities in Poland. "We are hoping that permission will be granted in July," said deputy president of HCM in Poland, Piotr Podleśny. HCM is the first company to invest in hedging funds which, according to Podleśny, is still an unknown form of investment in Poland. "Our offer is directed at banks, security agents, investment funds, and also to well-off individual clients. The minimum capital that we accept is zł.100,000," said Podleśny. This year the company is going to record its first revenues, and after 2006 it projects to have its first net profit. However, the company is not planning to issue dividends, as first it wants to invest in the expansion in Poland and the Central European region. (Puls Biznesu, p. 9) A.F.