Troika Dialog AM Reports 2010 Results of Pension Savings Management
OREANDA-NEWS. February 11, 2011. CJSC Troika Dialog AM is pleased to report the results of the company’s pension savings management operations during 2010. Yield on investments of pension savings assets during 2010 totaled 22.72% 1 annually, a figure several times above the inflation figure for the analogous period of 8.8% 2.
According to Anna Vedernikova, Government Clients Director at Troika Dialog, "Throughout 2010 Troika Dialog posted consistently high returns on pension savings management, and we believe the prospects for the financial market in 2011 are positive. Despite the unsettled conditions on financial markets, the company’s management results benefited from the moderately-aggressive management strategy and carefully calibrated asset structure providing maximum risk diversification while increasing returns."
"The accumulative pension system, in my opinion, has proved its viability, but generally speaking its operations would be more effective given certain changes," Ms Vedernikova adds. “In particular, one critical issue right now has to do with interactions between the Pension Fund of Russia and management companies with regards to regulating and observing timeframes for submitting assets for management. The clearer these mechanisms are defined, the easier it will be for management companies to build investment portfolios with consideration for the "length" of PFR assets. There should also be gradual changes in the system for regulating investment of pension savings assets, for example implementing both quantitative and qualitative parameters and requirements when selecting instruments for investment, and modernizing the approach to evaluating the operations of asset management companies and much more. This is the only way to raise the effectiveness of non-state managers, without whom it is impossible to build a civilized pensions market."
Troika Dialog AM currently oversees approximately R3 bln of pension savings assets, and the company ranks among the ten-largest asset managers by attracted investments 3. According to data compiled by web portal Investfunds.ru, Troika Dialog AM’s market share among private management companies totals 14.67% 4. Average annual returns on pension savings overseen by Troika Dialog AM over the past five years (from 2004 to 2009) totaled 10.30% 5, the best result among the ten largest asset management firms.
Troika Dialog Asset Management
Founded in 1996, Troika Dialog Asset Management 6 is the largest independent operator 7 on Russia’s asset management market. Troika Dialog offers its clients a wide range of investment strategies with different ratios of risk and return and investment instruments. Troika Dialog AM currently oversees 14 open-ended and two interval mutual funds, four closed-end funds of especially risky (venture) investments, as well as a closed real estate fund. Troika Dialog AM has been assigned reliability ratings 'А++' (Expert RA) and 'ААА' (NRA). The company continuously expands its client service base in Moscow and the regions and builds upon its efficient network of bank-agents.
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