OREANDA-NEWS. July 12, 2007. The June issue of Investment and Pension Europe magazine has published the list of 400 largest asset managements companies active in European markets. With assets of EUR 1,070.20 Parex Asset Management (PAM) is ranked number 388, being the only investment management company from the Baltic States to be included in the list, reported the press-centre of  Parex.

Elena Coleman, Board Member of Parex Asset Management comments: ”We are proud to be included among the largest asset managers in the European market for the second year in a row. The volume of assets under management at PAM has experienced a 28,5% increase in 2006, while the range of investment opportunities we offer to our clients is steadily expanding. Currently we offer more than 11,000 global investment products”.

Investment and Pension Europe Magazine annually publishes a league table of the largest investment managers active in the European marketplace, ranking them by assets under management. The total assets managed by the companies included in the list reach EUR 33 trillion.

About Parex Asset Management:

With over EUR 1 billion of assets under management, Parex Asset Management, the subsidiary of Parex banka, is the largest investment company in the Baltic Region and one of the most experienced in the Central and Eastern Europe. PAM invests internationally, maintaining a complete investment product range, when constantly tracking the best investment opportunities in each geographic region. Through its subsidiaries and representation offices Parex Asset Management also operates in Lithuania, Russia, Ukraine and Kazakhstan.