Friday, March 9, 2007

Fund manager Adriatica Capital launches open-end investment fund AC Rusija.

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Fund manager Adriatica Capital launches open-end investment fund AC Rusija. The investment fund manager Adriatica Capital presented its first, open-end investment fund AC Rusija, which will be the first Croatian one to invest on the Russian market. The fund starts operating today. AC Rusija will be an equity fund and the targeted structure of investments will be: 25% in energy sector, 25% in consumer goods sector, 15% in financial sector, 15% in infrastructure, 12% in telecoms, and 8% in industrial materials. Adriatica Capital is 100% owned by Adriatica Savjetovanja, which in turn is part of Luxembourg-based Mustique Capital Holding. The financial regulator HANFA approved launch of Adriatica Capital’s operations in November last year while the establishment of AC Rusija was approved last month.

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Fund manager Adriatica Capital launches open-end investment fund AC Rusija.

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