OREANDA-NEWS. On 29 April 2008 was announced, that on April 25 Parex Investiciju Valdymas, a Lithuanian subsidiary of Parex Asset management held an event to celebrate the opening of a new office at its recently opened Vertas office building at 16 Gyneju Street in the centre of Vilnius. The event was widely attended by clients, business partners and friends of Parex Asset Management.

As a part of the event, Parex Investiciju Valdymas hosted an exhibition of the photography of the famous Lithuanian photographer Algimantas Aleksandravicius, who was among the guests at the opening ceremony.

During the event the famous Lithuanian mountain climber Vladas Vitkauskas shared his experiences conquering the highest peaks of the world and his greatest challenge – reaching the summit of Everest. "Doubt against belief, commitment against emotion, resilience against pressure - the duel of human emotion and spirit accompanies the climber on his way to the peak. And these are also the feelings that investors have when striving to achieve their goals" - noted Vladas Vitkauskas to the guests.

"Like every business organization, we work to achieve peak performance; our goal is to become the leading provider of professional investment and advisory services for private and institutional clients in Lithuania" - noted Rolandas Sungaila, president of Parex Investiciju Valdymas in his opening remarks.

Parex Investiciju Valdymas was established at the end of 2003 and is the manager of Parex Baltic Sea Equity Fund, as well as it manages the second and third pension pillars in Lithuania.