Prudentis was granted the right to manage Special collective investment undertakings
The Securities Commission of the Republic of Lithuania on the 3rd of September, 2008, decided to enhance the business license of Prudentis by granting it the right to manage Special collective investment undertakings or special investment funds. Prudentis was granted the right to manage three new types of funds: Undertakings for collective investment into transferable securities, collective investment undertakings investing into other collective investment undertakings (Fund of Funds) and hedge or alternative collective investment undertakings (Hedge Funds). Until recently Prudentis had a license to manage Harmonised collective investment undertakings (UCITS).
The granted license will allow Prudentis to offer more types of investment vehicles for the investor community.