PRESS RELEASE
Stockholm 2010-06-29
For immediate release
Intervalor initiates Nordic cooperation with IS Asset Management – the Turkish Equity and Fixed Income Boutique
We are pleased to inform you that with effect 1 July, Intervalor has signed a cooperation agreement with IS Asset Management to market their Luxembourg based range of funds, “Turkisfunds”, in the Nordic countries.
“Being a specialised manager we put all efforts into managing our portfolios. All that is not core asset management will be handled by partners whenever possible in order to keep the company lean and focused. Cooperating with Intervalor therefore is an ideal solution. I am convinced that joining forces with Intervalor, where we focus on asset management and Intervalor on marketing and customer support will be a very successful strategy. We therefore look forward to revisiting investors with Intervalor very soon” says Dr. Gürman Tevfik, CEO at IS Asset Management. Anders Bladh, CEO at Intervalor, comments: "We are really pleased to be adding IS Asset Management to our great range of managers. This complements our offering both in the equities and fixed income space very well. Our strategy is to bring in asset managers with unique expertise in defined asset classes that are truly dedicated to their task. The team at IS Asset Management has built an outstanding track record within Turkish equities and fixed income which asset classes have both delivered very strong historical returns.
During the last years there has been a lot of focus on emerging markets and we believe that will continue. In addition, there are 100.000 people with Turkish background in Sweden and maybe another 100.000 in the other Nordic countries looking for Turkish investment possibilities so we see very good opportunities for ISAM and their Luxembourg registered “Turkisfund” in the Nordic region. For further information please contact: Anders Bladh
Intervalor AB (Stockholm)
Tel.: +46 (0) 8-660 80 40,
Mobile: +46-70-666 80 45
Fax: +46-8-663 99 45
a.bladh@intervalor.com
www.intervalor.com EDITORIAL
INTERVALOR AB Intervalor AB's business is to provide the Nordic market with the best managers, combined with the best local service. Intervalor represents a number of carefully selected international managers. We act as a "representative office for rent" and serve as an integral part of our managers' organizations. Our job is to market their funds and discretionary management capabilities in the Nordic countries, and to inform and serve their customers. Intervalor is an independent company that was founded in 1992. We are now 10 people with offices in Stockholm, Helsinki and Copenhagen. Read more at www.intervalor.com.
IS ASSET MANAGEMENT (ISAM) Since its establishment in Oct 2000, İş PortföyYönetimi A.Ş. (Is Asset Management) is Turkey’s leading asset management company and has been recognised for its experienced and skilful employees, its rules of work ethics and its pioneering innovations. Is Asset Management is a group company of T. İş Bankası (Isbank) which is the leader of the Turkish banking sector. As a member of the Isbank Group, Is Asset Management defines the overall outline of its investment philosophy, business approach, and customer-focused service within the framework of the “Is” trademark, which has been synonymous with reliability and stability for 85 years in Turkey. Is Asset Management is a corporate member of the European Funds and Asset Management Association (EFAMA). By becoming the first Turkish asset management company to join EFAMA, Is Asset Management once again proved that its asset management vision conforms to international standards.
Is Asset Management’s core business activity is to provide discretionary and non-discretionary asset management services to national and international institutional investors as well as to qualified individual investors. Total assets under the company’s management as of June 2010 amounted to USD 6.5 billion making ISAM the market leader with a 25% market share. Approximately one million private individuals and many institutions investors in Turkey and abroad are invested through mutual funds managed by ISAM. For more information please refer to www.isasset.com.
Turkisfund (SICAV) is tailored for foreign investors who are seeking to invest in Turkish capital markets. The fund has a 13 year proven investment track record. Turkisfund (SICAV) is composed of three sub-funds: Equities, Bonds and Eurobonds. For more information please refer to www.turkisfund.com. |