BUCHAREST – Fondul Proprietatea SA, a Romanian investment fund, has announced progress in its search for an alternative investment fund manager (AIFM). Following a resolution from the Ordinary General Meeting of Shareholders (OGMS) on September 25, 2023, the Board of Nominees (BoN) of the fund has completed an initial review of two AIFM candidates.

The search began with submissions from a global infrastructure asset manager and a European-based AIFM in collaboration with a Romanian asset management advisory firm. The selection process, assisted by Deutsche Numis, follows the criteria established by Fondul shareholders during a General Meeting held on September 27, 2024.

The BoN is now set to do more due to the hard work of these candidates and will hold meetings in February 2025 at the election adviser’s office. The purpose of these meetings is to further evaluate the submissions and seek clarifications. In accordance with shareholder directives, only candidates who are, or are part of a consortium with, an EU-regulated AIFM will be considered for selection.

The next update on the selection process will be communicated to investors after the BoN completes its review. This ongoing effort demonstrates Fondul Proprietatea’s commitment to fulfilling its shareholder mandate to select a qualified AIFM.

Fondul Proprietatea, listed on the Bucharest Stock Exchange with shares and in London Stock Exchange (LON:) with Global Depositary Receipts (GDRs), managed by a board dedicated to maximizing shareholder value and ensuring regulatory compliance. The transparent fund selection process for an AIFM is a critical step in its strategic operations, aiming to improve its investment management capabilities.

This news is based on a press release statement from Fondul Proprietatea SA

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