Trigon Alternative Funds received a management companys licence
On 16 January 2007 the Financial Supervision Authority issued to Trigon Alternative Funds a management companys licence with the right to provide securities portfolio management services.
The company is 100% owned by AS Trigon Capital, which is controlled by Joakim Johan Helenius. The supervisory board of AS Trigon Alternative Funds is composed of Joakim Johan Helenius, Kerttu-Kaarina Tombak and Heiti Riisberg, and the management board members are Ülo Adamson and Sami Henrik Sormunen, the latter is also a fund manager.
Companies who wish to manage investment funds are required to obtain a relevant licence from the Financial Supervision Authority. According to the Investment Funds Act, the share capital of a management company must be at least 125 000 euros unless it manages pension funds. Trigon Alternative Funds does not manage mandatory pension funds.
Eight other companies now operate as management companies under licences from the FSA: AS Hansa Investeerimisfondid, AS LHV Varahaldus, AS Sampo Baltic Asset Management, AS SEB Ühispanga Fondid, AS Trigon Funds, ERGO Varahalduse AS, AS Kawe Kapital, and AS Avaron Asset Management.