The management company Limestone Management received activity licence
The Financial Supervision Authority granted AS Limestone Management with a licence to operate as a management company.
The activity licence of AS Limestone Management will enter into force on the date an entry will be made in the commercial register about the increase of the share capital paid by AS Limestone Management. Pursuant to the Investment Funds Act, the share capital of a management company must be at least EUR 125,000 if pension funds are not managed.
The Supervisory Board of AS Limestone Management includes Rein Ojavere, Matis Tomiste and James Bradley Oates, and the Management Board includes Alvar Roosimaa and Mihkel Õim.
In order to manage investment and pension funds, an activity licence must be obtained from the Financial Supervision Authority, and the Authority has granted it earlier to public limited companies Avaron Asset Management, ERGO Varahalduse AS, GILD Fund Management, GILD Property Asset Management, Hansa Investeerimisfondid, Kawe Kapital, LHV Varahaldus, Sampo Baltic Asset Management, SEB Ühispanga Fondid, Trigon Alternative Funds and Trigon Funds.
The main field of business of the management company is management of funds and securities portfolios: organisation of the issue and redemption of shares or units of a fund, investment of fund's assets, keeping account of the assets, and other relevant activities. One management company can manage several funds.