OREANDA-NEWS. On 1 February 2008 was announced, that Asset Management Company ART-CAPITAL Management is planning to increase assets under management to USD 1 billion during the three years immediately ahead.

Mr. Viacheslav Maslennikov, Asset Management Director at AMC ART-CAPITAL Management, declared: “We have all necessary prerequisites for achieving our objectives. In 2007, the investment funds under management of our Company showed good results – net asset value in the four public investment funds increased 5,4 times. Total net assets managed by AMC ART-CAPITAL reached UAH 300 million. In the year 2008, the Company plans to launch several investment funds, including an open-ended fund, and to establish a non-governmental pension fund. In addition, AMC ART-CAPITAL Management will complement its existing offerings by introducing a particularly new wealth management service. Besides, the development of the Company’s regional representative offices network will be finalized in 2008”.