EnglishSchroders Investment Management Limited, Mercer and Industrie und Finanzkontor Etabl. and Independent Capital Management are the three companies shortlisted for the second stage of the process to select a financial consultant to designate the Fund management company. The financial consultant will have the role of offering Proprietatea Fund services such as evaluating the selected management company and creating an investment policy.
The three shortlisted companies will take turns in having meetings with representatives of Proprietatea Fund in February. The selection process will enter the final stage in early March, when final bids will be evaluated and the financial consultant will be hired. In order to be shortlisted for the second stage, preselected companies had to be internationally reputed, have had in the previous three years at least three customers with an owned or managed asset value of more than 100 million EUR per customer. The minimum acceptable turnover was 50 million EUR/ year for 2005 and 2006.
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