Press release BoxID: 629971 (C-QUADRAT Investment AG)
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  • 1070 Wien
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  • Andreas Wimmer
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Joint Venture for the Management of Pension Assets in Armenia

(PresseBox) (Vienna/Frankfurt, ) C-QUADRAT Investment AG (ISIN AT0000613005) is planning to establish and operate an asset management firm in Armenia through a joint venture with Talanx Asset Management GmbH, Cologne. C-QUADRAT will hold a 74.9 % interest in this firm.

Once Armenia's pension reform comes into effect on January 1, 2014, this firm will take over - along with another well-known asset manager - the management of state pension assets of the Armenian pension system. The total volume of pension assets under its management will be gradually increased. The Central Bank of Armenia estimates that this volume will reach approx. EUR 2 billion in the coming years by 2020 and subsequently even more.

The Central Bank of Armenia signed a memorandum of understanding to this effect with C-QUADRAT and Talanx Asset Management GmbH today.

C-QUADRAT Investment AG

C-QUADRAT is an asset manager specializing in quantitative and discretionary absolute and total return strategies. The company was established in 1991. It has been listed in the Prime Standard of the Frankfurt stock exchange since 2006 and since May 2008 on the Vienna stock exchange. C-QUADRAT is well-known for its analysis of investment funds and as an innovative asset manager. Both institutional clients and private investors rely on its expertise. With offices in Vienna, London, Frankfurt and Geneva and sales activities in 17 countries, C-QUADRAT is active throughout Europe.