OREANDA-NEWS. February 18, 2008. As of February 2008 all funds managed by Parex Asset Management (PAM) will be quoted on Bloomberg Professional®, the world’s leading financial information provider, reported the press-centre of Parex.

Information will be available to the global investor community on a single information platform on the 19 PAM’s in-house managed open-end and 3 closed-end investment funds domiciled in Latvia, Lithuania, Russia and Ukraine.

It will allow PAM to bring a variety of investment opportunities existing in the Baltics and the CIS countries to investors around the globe. Existing and potential customers will be able to view all factual information i.e. investment objective, portfolio structure, price history and performance. This is a convenient way of obtaining the relevant information in real time from one source.

The Bloomberg Professional® service integrates real-time and historical information on about 5 million bonds, equities, commodities, currencies and funds. Bloomberg electronic library also comprises data on almost every publicly traded company. The Bloomberg Professional community now comprises approximately of 250,000 members from the world's central banks, investment institutions, commercial banks, government offices and agencies, law firms, corporations and news organisations in 125 countries.

Mr. Sergei Medvedev, First Vice-President of Parex Asset Management, said: “We are glad to have all of our funds available via Bloomberg now. Thanks to this we have already started to receive many enquiries from investors in Europe and other regions who are interested in emerging opportunities in Eastern Europe and particularly in Central Asia and Ukraine.“

Parex Asset Management distributes its own investment funds in the Baltic States, Russia, Ukraine, Germany, Sweden and Switzerland. Apart from its in house products, PAM offers customers a range of over 11,000 of the world’s leading investment funds, thereby ensuring the widest possible choice for its clients.

About Parex Asset Management
With over USD 1 billion assets under management, Parex Asset Management, the subsidiary of Parex banka, is the leading investment company in Latvia. PAM offers investment management and advisory services to domestic and international retail, corporate and institutional clients. Through its subsidiaries and representation offices Parex Asset Management also operates in Lithuania, Russia, Ukraine and Kazakhstan.