01.15.2016

Mutual fund Audas Piscator, managed by Atlas Asset Management, is the top performer of 2015, with a 40% yield in euros it got from the bet on the rise of the Swiss franc against the euro. more

11.26.2015

Mandatory private pension funds (pillar II) posted 4.4% average yield this year, half as much as they did last year, as government paper interest decline slowed down and the stock market had a modest more

10.19.2015

The Fund Managers Association (AAF) appointed a new Board of Directors, led by chairman Radu Hanga, member in the managing board of regional investment fund SIF Moldova (SIF2.RO), after the end of the more

09.09.2015

US private equity fund J.C. Flowers has finally reached an agreement with the group run by businessman Ilie Carabulea to take over Banca Carpatica (BCC.RO), the first move in a broader plan to buy more

09.01.2015

The high volatility on the financial markets halved the yields of the mandatory private pension funds to an average of 3% this year. more

08.19.2015

The board of the Financial Supervisory Authority designated Carmen Daniela Radu Wednesday to head the board of the insurance guarantee fund, set up in July. more

07.20.2015

Franklin Templeton Investments, manager of Romanian investment fund Fondul Proprietatea (FP.RO), wants to liquidate a fund focusing on Eastern Europe and Russia, with assets worth $9.3 million in more

07.06.2015

An investment fund with assets of over $900 billion (nearly EUR810 billion) may buy a minority 25% stake in Polisano drug wholesaler, part of the Sibiu group of the same name, according to company’s more

06.11.2015

Petre Tulin, general manager of Romanian lender Banca Comerciala Feroviara (BCF), took over the position of deputy general manager of Romanian Bank Deposits Guarantee Fund, the fund said on its more

06.05.2015

Romanian local financial regulator ASF authorized BRD Asset Management, the third fund manager by size with RON2.6 billion assets under management, to launch open-end investment fund BRD USD more

04.29.2015

US hedge fund Elliott Associates, the largest shareholder of Fondul Proprietatea (FP.RO) with an over 19% stake, bought into the fund as early as 2009-2010. At the time Fondul Proprietatea had not more

04.02.2015

Insurance firms in Romania issuing mandatory car insurance policies RCA will pay to Street Victim Protection Fund a contribution of 2% of the volume of cashed premiums to ensure the funds needed to more

03.31.2015

China-CEE Investment Cooperation, whose main shareholder is China's Exim Bank of China, sees investment opportunities in various sectors in Romania and is currently discussing projects in telecom and more

03.25.2015

China-CEE Investment Cooperation, whose main shareholder is China's Exim Bank of China and which has a $500 million budget to invest in Central and Eastern Europe, is entering the Romanian market more

03.17.2015

Norway’s sovereign fund, with assets five times bigger than Romania’s GDP, in 2014 doubled its bet on Romania, reaching EUR115 million worth of investments in nine Romanian listed companies. more

03.16.2015

The value of payment requests submitted by banks to Romania's national guarantee fund for small and medium-sized businesses (FNGCIMM) for non-performing loans (NPLs) rose 45% in 2014, the fund said in more

03.10.2015

Private pension funds are discussing with the Financial Supervisory Authority (ASF) an increase of the cap on share investments. A 5-percentage point increase to 25% of their assets would translate more

02.11.2015

The top five fund managers in Romania, with 20.2 billion lei (EUR4.6 billion) assets on their hands, have announced record high investments of up to RON500 million in stocks this year. The reason for more

01.16.2015

Certinvest has taken over APF, which manages the Pensia Mea voluntary private pension fund, from insurer Metropolitan Life Romania. more

01.15.2015

Mutual funds ended 2014 with record net inflows of 4.3 billion lei (almost EUR1 billion), as bank deposit interests are not enough to cover the withdrawal fees after dropping to less than 3% per year. more

12.08.2014

Certinvest, the largest independent mutual fund manager in Romania, wants to buy AXA Asigurari, the local subsidiary of French giant AXA, according to market sources, after the deal for latter’s more

11.19.2014

Shareholders of Romanian investment fund Fondul Proprietatea (FP.RO) on Wednesday approved next year’s budget and the fifth share repurchase program, the company said in a statement. more

11.18.2014

Investment fund Catalyst Romania, administered by 3TS Capital, has bought little over 10% of Universal Online Promotion, the company that owns online retailer www.elefant.ro, said Mihai Sfintescu, more

11.17.2014

Finnish investment fund KJK Fund II SICAV-SIF bought raised its stake in Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) from 2.56% to 7.07% in a RON19 million (EUR4.3 million) deal more

11.13.2014

Romanian investment fund Fondul Proprietatea (FP.RO) sold a 23.6% stake in state-run oil transporter Conpet Ploiesti (COTE.RO) via an accelerated bookbuild, for 99.8 million lei (EUR22.5 million), more