Mitiska REIM announced strengthening of its footprint in the Romanian market with the successful acquisition of the Alpha Property Development portfolio. The acquisition of the Alpha Property Development portfolio consisting of 11 income producing retail parks and 3 development opportunities was made on behalf of Mitiska REIM’s institutional fund, First Retail International 2 (FRI 2), […]
After witnessing a period of volatility in recent years, frontier markets have seen a strong performance during the past three months, with an increase of over 10%.1 While performance has lagged emerging market equities, we believe the recovery has the potential to be lasting. If risk appetite continues to return, we think frontier markets could […]
Investors in Fondul Proprietatea, the $3bn London Stock Exchange listed closed ended fund, have approved Franklin Templeton as manager for another two years, following the Extraordinary and Ordinary General shareholder meetings on 29 October. The fund is one of the largest in the LSE’s Specialist Fund market, and listed earlier in 2015 to manage investments […]
Fondul Proprietatea, a Romanian closed-end fund managed by Franklin Templeton Investments, has now been admitted to trading on the Specialist Fund Market of the London Stock Exchange (“LSE”). The fund consists of a portfolio of Romanian equity securities with assets of over €2.9 billion as of 31st of March 2015 and has been listed on the […]
As sovereign yields in Europe continue to slide to unprecedented lows, many investors have become sceptical on whether value can still be found on the continent. However, by looking further afield than the more common peripheral names such as Spain and Italy, we at T. Rowe Price have found a number of outposts still offering […]
Private equity firm AnaCap Financial Partners LLP, has completed the acquisition of a €495m portfolio of non-performing and sub-performing loans from Volksbank Romania together with H.I.G. and Deutsche Bank. Under terms of the agreement, funds advised by AnaCap will jointly acquire the entire portfolio with H.I.G and Deutsche Bank. The portfolio of 3,566 loans in […]
Jan Dehn, head of Research at Ashmore, discusses why positive noises from the IMF bodes well for early disbursement of emergency funding, the default of China’s Chaori Solar Energy and the Romanian rapid growth rate.
Italy’s Intesa Sanpaolo and Compania Nationala Posta Romana have commenced negotiations to offer banking and financial services in Romania’s postal offices.
Societe Generale Securities Services has been appointed by Fondul Proprietatea to act as its custody and depositary agent bank in Romania.
UK based farm management company Velcourt and CEE farmland property specialist Mintridge International have launched a Bucharest based joint venture to target agriculture property opportunities at family offices and wealth managers.
The global financial crisis has put a brake on the integration of central and eastern European economies into the European Union, but growth drivers remain intact and innovation is needed to re-start the process, according to a report from Eerste Group.
Luxembourg gained the highest sales of Ucits funds within the EU during the first quarter of 2011, knocking Ireland off the top spot, but for many of the top selling countries sales decreased slightly on the previous quarter, data from the European Fund and Asset Management Association (EFAMA) shows.