Intercapital Investment Management, with assets of 11 million lei, currently expects the approval of Financial Supervisory Authority (ASF) to be taken over by a new group of stockholders.
Intercapital Investment Management is majority owned by brokerage company Intercapital Invest, with a 99.99% stake. According to market sources, the buyer of Intercapital IM is a group of businesspeople including Adrian Lupsan, former development manager at Certinvest and bourse vice-president.
The group of investors allegedly plan to re-launch the company and mainly develop it on the alternative investment funds management sector, the so-called hedging funds.
Intercapital IM is one of the smallest fund management companies, with a 0.04% assets management market share.
Intercapital IM manages two closed-end investment funds listed on the bourse, namely iFond Financial, with RON8.5 million assets and iFond Gold, with RON600,000 assets. The company’s portfolio also includes RON500,000 assets from two mutual funds and individual accounts of RON1.1 million.
(English version by Manuela Panescu)