Schroders Enters Romania via Karoll Capital Management
Karoll Capital Management starts the distribution of the mutual funds of its partner, Schroders (Schroder Investment Management) in the Romanian market.
Following the notification of the Bulgarian Financial Supervision Commission and the regulators in Bucharest and Luxembourg, the management company begins to operate on the territory of Romania based on the freedom to provide services under UCITS IV directive.
The registration of the first Luxembourg-domiciled funds of the British asset manager in Romania has now been completed. Karoll Capital will initially focus its efforts on presenting to the Romanian institutional investors the variety of investment opportunities these global funds offer - over 100 strategies in different asset classes, regions, themes and sectors. Institutional investors in Romania, such as pension funds, insurance companies, SIFs, etc., have been developing dynamically in recent years in terms ofasset growth and portfolio diversification.
"Schroders' investment strategies combine a 200-year history of a global leader in asset management with the most innovative portfolio management approaches, and as such we believe they are very suitable for professional investors in Romania," statesDaniel Ganev, CEO of Karoll Capital Management.
Since the launch of the partnership between Karoll and Schroders in 2012, the funds raised in Bulgaria exceed BGN 270 million (EUR 135 million) from all types of investors – individuals, firms, foundations, universities, pension funds, etc. In addition to the big institutional investors, Karoll Capital and Schroders also plan to make the funds available to Romanian households, whose savings - like those in Bulgaria - are also mainly held in bank deposits and real estate.
Karoll Capital Management is an independent, flexible, entrepreneurial asset management company established in Sofia in 2003. Our dedicated team based on the ground and with a native understanding of the local markets helps clients harness the exciting potential of Emerging Europe. Our belief that Emerging Europe represents a truly outstanding, yet overlooked investment opportunity has led us to launch a suit of specialty equity strategies - UCITS mutual funds and SMAs.
Karoll Capital advises individual and institutional investors - pension funds, insurance companies and endowments. The firm complies with UN's Principles for Responsible Investment. Karoll Capital partners with top international firms in offering clients a variety of global mutual funds, SMAs, sub-advisory, savings plans, and wealth management. We represent Schroders in the local market with 100+ global funds, domiciled in Luxembourg.
Over 25 years Karoll Financial Group has pioneered groundbreaking products like the first equity mutual fund, private equity firm, farm land REIT, as well as top-ranked brokerage, investment banking and insurance platforms.
Further information about Karoll Capital Management can be found at www.karollcapital.bg
Schroders: As a global investment manager, we help institutions, intermediaries and individuals meet their goals, fulfil their ambitions, and prepare for the future. But as the world changes, so do our clients’ needs. That’s why we have a long history of adapting to suit the times and keeping our focus on what matters most to our clients.
Doing this takes experience and expertise. We bring together people and data to spot the trends that will shape the future. This provides a unique perspective which allows us to always invest with conviction. We are responsible for £447.0 billion (€503.6 billion/$604.7 billion)* of assets for our clients who trust us to deliver sustainable returns. We remain determined to build future prosperity for them, and for all of society. Today, we have 4,600 people across six continents who focus on doing just this.
We are a global business that’s managed locally. This allows us to always keep our clients’ needs at the heart of everything we do. For over 200 years and more than seven generations we’ve grown and developed our expertise in tandem with our clients’ needs and interests.
Further information about Schroders can be found at www.schroders.com