OREANDA-NEWS. RusRating has assigned a reliability rating to the asset management company “Savings and Investments” (Moscow). The rating is “AA-” on the national scale and “BBB-” on the international scale.

According to the agency, the rating is based on the Company's successful experience in setting up and managing various funds; the market nature of most funds under management; and long-term partnerships with government bodies that have invested in the Company's funds or co-invested in the funds' projects, among them the Russian Federation Ministry of Economic Development, regional governments, the state corporation Rosnano and RVC (Russian Venture Company).

Constraining factors include the fact that most regional venture fund projects remain in the investment stage.

“Sberezheniya i Investitsii” [trs. Savings and Investments Management Company] was set up in March 2004 and currently manages more than R7bn in assets (close to R10bn if investor commitments are included). It manages ten closed mutual investment funds, of which six are regional venture funds set up to invest in smaller high-technology firms backed by strategic investments from the Ministry of Economic Development and regional governments. The Nanomet fund specialises in venture projects in metals-related nanotechnology, while the remaining three funds invest in real estate. A subsidiary company is responsible for the NANENERGO fund, an international investment fund for the energy nanotechnology sector set up in partnership with Rosnano. Two additional closed mixed mutual funds are in the process of being formed. Shares in the regional venture funds circulate on MICEX.