The choice of management company
Posted on Nov 5, 2000 08:15:27 AM
Management Company – a legal person carrying out its activities trustee of mutual funds (SIF) based only on a special permit (license). These activities can be combined only with the activities of professional securities market participant for the trust management of securities. The main functions of the Management Company: asset management fund.
Management Company – a commercial organization, established in accordance with Russian law and received a license for the management of investment funds, mutual funds and private pension funds in trust which is the fund’s assets.
The Management Company may combine their activities only to the activities of the trust management of securities, management of pension reserves of non-state pension funds and the management of insurance reserves of insurance companies.
Management Company, established structures in a well-known and largest holding company, or a strong bank and has a number of “inherent” advantages. Firstly, it’s “parent” resource for business development. Second, ready to “Mama’s” reputation. Thirdly, often access to insider information. As noted by the managing director of Finam Management “Svetlana Lihodkina, where a company is an investment holding company, which means that it can attract additional resources for its development, not only the material:” For example, use your own spetsdepozitary, analytical resources of the founders. ” According to chief of department on work with clients RRDB Vladislav Sukolenova if the management company discloses its owners and some of them are large and well known company, it may indicate a high reliability and assure strict compliance with its standards of business ethics and the law.
If among the owners or friendly company structures, the banks with an extensive network of branches and additional offices, it is easier to create a network of customer service. Besides, she can use technological arsenal bank, for example an ATM network to perform operations with units of mutual funds. Her clients are often able to rely on preferences for care in the parent bank.
In addition, as the director of asset management department of the bank, KIT Finance, Vladimir Tsuprov on its parent may be shifted a number of support functions, thereby simplifies the UK, increasing its staff and salaries directly to those employees who earn income to investors.
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