OREANDA-NEWS  On 28 November was announced, that Management Company Ingosstrakh Investments, OJSC, summarized its performance results for the third quarter of 2008. The total assets managed by the company grew by more than 20%, while NAV of investment funds grew by more than 30%, assets of legal entities and individuals submitted for trust management grew by 87%. The amount of assets managed by the company as at October’ 1, 2008 totaled RUR 13.071 bln.

An obvious client inflow was registered in trust management of private and corporate clients’ funds. Despite the difficult situation shaping in the world financial markets private investors are still appealed by the Russian stock market, which is proved by the 22 trust agreements concluded with them. At the same time the largest share of trust agreements concluded in the third quarter falls upon natural persons.

Compared to its performance indicators in the 2nd quarter reserves of insurance companies remained at the same level, as well as the number of Private Pension Funds that submitted their pension reserves/savings. NAV of investment funds in the third quarter amounted to over RUR 1.77 bln.

In the present financial market conditions Ingosstrakh Investments pays special attention to risk-management procedures. For these reasons in the third quarter the company successfully launched the project involving the introduction of an integrated risk management system including control of market, credit, operating and liquidity risks. Comprehensive risk control allows optimizing the company’s investment process in terms of the return/risk ratio.

“We are quite happy with the 3rd quarter performance results”, says Natalya Korabelnikova, General Director of Ingosstrakh Investments. “Fast developments in the global financial markets forced us to take relevant measures for reforms inside the company. The work done enabled us to reduce current expenditures and significantly increase the volume of assets under management in all client categories. The key tasks for the future will be improving quality of services provided to our clients, boosting commercial viability of our business as well as consolidating further our company’s position in the stock market”.

Management Company Ingosstrakh Investments was awarded a Financial Olympus 2007 prize in the “Dynamics and efficiency” category and won the “Collective Investments Market in Russia” competition. Management Company Ingosstrakh Investments has been assigned the А++ reliability rating (highest reliability level) by Expert RA. Based on 2007 results the company was included on the ТОР 3 list of the “Most dynamically managed companies” (Kommersant-Money) and the ТОР 3 list of the “Best insurance companies” (Kommersant-Money).