LONDON, December 22, 2014 /PRNewswire/ --
London-based International Finance Magazine has conferred the awards for 'Best Fund Management Company' in Estonia to LHV Asset Management and 'Fastest Growing Equity Fund' in GCC to LHV Persian Gulf Fund. The awards were presented on November 18 by the honourable Lord Sheikh, Baron Sheikh of Cornhill, House of Lords; Sheikh Bilal Khan, UK Catalyst at UKTI and Co-Chairman of Dome Advisory and Peter Meyer, CEO, Middle East Association at a gala dinner in the ball room of the Jumeirah Carlton Tower in London.
LHV was founded in 1999 and it has offices in Estonia, Latvia, Lithuania and Finland. LHV has more than 200 employees, its banking services are used by more than 60, 000 clients, funds have more than 130,000 clients. LHV Asset Management is a fund management company based in Estonia. LHV Asset Management is owned by AS LHV Group, which is a holding company for LHV Asset Management as well as LHV Bank.
LHV started LHV Persian Gulf Fund in 2008. LHV Persian Gulf Fund invests in publicly traded companies of Gulf Cooperation Council countries. The GCC countries are the United Arab Emirates, Qatar, Saudi Arabia, Oman, Kuwait and Bahrain. In size GCC markets make up 2% of the world's stock markets.
MihkelOja, CEO, LHV Asset Management, on receiving the award said: "LHV has been investing in the GCC countries for 7 years and I'm delighted to see that this has brought us awards. LHV, being the second largest pension funds manager in Estonia, values this niche expertise in the GCC equity markets highly at times when the region outperforms and global investors are still discovering it as a place for investments."
While Estonia's financial system has developed rapidly since restoration of the country's independence at the beginning of the 1990s, the financial system is still young. The privatisation of state property, including banks, in Estonia started in 1992 and there is still lot of room for coming up with innovative products.
2014 award winners: http://www.internationalfinancemagazine.com/awards/winners
If you would like to nominate a company or an executive for the awards, visit http://internationalfinancemagazine.com/awards/nomination
International Finance Magazine (www.ifinancemag.com) was established to offer credible financial news and present developments worldwide in a simple and easy-to-understand manner. Our audience comprises the top decision-makers in the financial community across the globe. We aim to be the most sought-after financial information provider. Our inaugural quarterly magazine was launched at the summit on November 18, 2014.
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SOURCE International Finance Magazine