Five people in charge of investments worth over 1bn euros
Five investment managers decide on behalf of over 140,000
investors where and how to invest their over one billion-euro
disposable income. While in the West money managers are the most
influential voices on the financial markets, in Romania they are
not very visible because of the population's lack of financial
education and low incomes.
Nicolae Albu, Bogdan Bilaus, Dan Nicu, Gabriel Goia, and Dan
Popovici run asset investment departments within the five largest
asset management companies on the Romanian market - Erste AM,
Raiffeisen AM, BRD AM, BT AM, and OTP AM.
The five decide based on a thorough analysis what shares are liquid
enough and have the potential to be included in the portfolio of an
equity fund, what securities fetch a higher profit than a bank
deposit, and negotiate higher interests on deposits with banks.
They are also responsible for the yield of open-ended and
closed-ended investment funds.