OREANDA-NEWS. January 27, 2009. The performance of Parex Open Pension Fund’s pension plans in LVL and USD since inception was among the highest among all private pension plans in Latvia, according to the data as of December 31, 2008, reported the press-centre of Parex.

Parex Balanced and Active 3-rd tier pension plans in Lats showed positive results of 5,45% and 5,50% since inception respectively, whereas Parex Active USD plan showed the result of – 5,37%.

“Parex Asset Management, the company managing assets of the 3-rd tier Parex pension plans has shown superior professionalism in portfolio management even in such complicated market conditions, showing the top performance results among peers.”, - noted Mr. Jurijs Punculs, the Chairman of the Board of Parex Open Pension Fund.

The net asset value of Parex Open Pension Fund amounted to LVL 14.6 mln and the Fund had 52 529 participants, as at December 31, 2008. The number of participants in Parex Open Pension Fund has increased by 9986 clients throughout 2008.