OREANDA-NEWS. May 27, 2008. Parex Asset Management (PAM) has been shortlisted for two European pension awards in the categories “Investment Manager of the Year” and “Emerging Markets Manager of the Year”, announced by a leading UK based magazine “European Pensions”, reported the press-centre of Parex.

The judges who took part in the evaluation process were representatives of European pension associations, pension funds and consultant companies. The award winners will be announced on 17th July 2008 in London.

The “Investment Manager of the Year” award recognises excellence in investment management at a very challenging time in European pensions history, evaluating the professionalism, market dedication and foresight of the investment management company, which is so crucial, provided the turbulent market environment. “The Emerging Markets Manager of the Year” award recognises those managers that have shown a dedication to the emerging markets space with a view to achieving performance often in areas where information flow is in short supply.

“Being shortlisted in two categories for very prestigious European awards in the pensions industry certainly is great news. PAM constantly invests in the growth of this business direction and is a very strong market player in the Latvian pensions industry, outperforming the market players in many products. We are certainly glad that PAM team’s market expertise has been acknowledged by the European Pensions magazine.”- comments Roberts Idelsons, the CEO of Parex Asset Management.

About Parex Asset Management

With over USD 1 billion assets under management, Parex Asset Management, a subsidiary of Parex banka, is the largest investment management company in Latvia. PAM offers investment management and advisory services to domestic and international retail, corporate and institutional clients. The company currently offers clients 13 pension plans in Latvia, Lithuania and Ukraine.

Through its subsidiaries and representation offices Parex Asset Management also operates in Lithuania, Estonia, Russia, Ukraine and Kazakhstan.