New fund manager KOBE Asset Management receives activity licence
The Financial Supervision Authority granted KOBE Asset Management AS an activity licence as a fund manager. KOBE Asset Management will manage real estate funds and, in addition, provide real estate related consulting and asset management services.
The management board of KOBE Asset Management AS includes Jüri Kuusk and Andres Rjabov, and it supervisory board includes Veljo Kuusk, Kaire Kopli and Tauno Muide. The sole shareholder of KOBE Asset Management AS is KOBE Holding OÜ.
The management of investment funds requires an activity licence from the Financial Supervision Authority, which the Authority has previously issued to public limited companies Avaron Asset Management, Danske Capital, Eften Capital AS, ERGO Varahalduse AS, GILD Fund Management, GILD Property Asset Management, Hansa Investeerimisfondid, Kawe Kapital, LHV Varahaldus, Limestone Investment Management, Nordea Pensions Estonia AS, Redgate Varahaldus, SEB Varahaldus, Trigon Alternative Funds and Trigon Funds.
The primary area of activity for a fund manager is the management of funds and securities portfolios: organising the issue and re-purchase of fund units, investment of the fund's assets, asset accounting and other relevant activity. One fund manager may manage several funds.