Financial Services, Funds, Investments, Legislation, Lithuania

International Internet Magazine. Baltic States news & analytics Thursday, 23.10.2014, 02:53

Synergy Finance to receive operating license of investment fund management company in Lithuania

Danuta Pavilenene, BC, Vilnius, 15.06.2012.Print version
The Board of the Bank of Lithuania decided to issue a license of a management company operating under the Law on Collective Investment Undertakings, which grants the right to manage collective investment undertakings investing in other collective investment undertakings, to the Lithuania-based enterprise Synergy Finance, the national bank of Lithuania said in a statement.

The license grants the right to engage also in additional activities: to manage financial instrument portfolios of other entities; consult on the issues of investment in financial instruments.

 

Synergy Finance informed that in the beginning of its activity it intends to establish one investment fund – open type special collective investment undertaking of unlimited activity duration, which invests in other collective investment undertakings.






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