Notice on the signing of an agreement on the sale of a share in the company Generali Investments AD Skopje

 

Investors may request additional information by sending an e-mail to objave@generali-investments.si.

Generali Investments, družba za upravljanje, d.o.o.
Management Board

 

 

 

 

 

 

Notice of closing the sale of a share in Generali Investments d.o.o., Zagreb

 

Investors may request additional information by sending an e-mail to objave@generali-investments.si.

 

Generali Investments, družba za upravljanje, d.o.o.
Management Board

 

 

Generali Umbrella Fund wins five silhouettes; in the most difficult year ever for bond markets, Generali Bond proclaimed the best fund of the decade

 

 

Each year, the Moje finance magazine proclaims the best mutual and pension funds, and the best asset manager. Based on a methodology comparing fund performance with that of their benchmarks, a total of 99 funds in 11 different groups were assessed over a 3-year period, and 74 mutual funds in 11 groups were assessed over a 10-year period.

Among all the funds assessed, the following Generali Investments funds win the best assessment, i.e. five stars:

  • Generali Bond – EUR, the best fund over 3-year and 10-year periods in the European Corporate and Aggregate Bond category,
  • Generali Corporate Bonds – EUR, the best fund over 3-year periods,
  • Generali MM, Money Market, the best fund over the 10-year period in the Money – EUR category, and
  • Generali Rastko Europe, Equity, the best fund in the Equity – Europe category over a 10-year period.

 

In addition, Generali Bond EUR, was declared the best bond fund of the decade. Primož Cencelj, CFA, who is in charge of managing bond investments at Generali Investments, again qualified among the top three asset managers, missing first place by a hair’s breadth.

 

Luka Flere, member of the Management Board of Generali Investments, says: “Making your money grow by investing in funds is a marathon effort. Not only was last year challenging for the bond market, it was even the most challenging in its history. In such a difficult environment, we have again proven that we are able to deliver on our mission, which is to provide high-quality, well-governed and diversified asset management services along with long-term profitability for our investors. The current situation of rising interest rates and inflation is making active asset management an even more challenging job.”

 

 

 

 

Generali Investments takes steps towards promoting sustainability


As of 1 February 2023, Generali Investments – the oldest asset management company in Slovenia and a member of the Generali Group – amended the investment process of 11 of its 15 Generali Umbrella Fund subfunds by integrating sustainability risk in their investment decision-making. These funds qualify as the financial products referred to in Article 8 of the SFDR Regulation*, i.e. funds promoting environmental and social characteristics.

Investors keen to contribute to sustainable development

Generali Investments believes it can play its part at a time marked by growing threats to the environment, negative climate change, and demands to meet higher social and corporate standards by promoting sustainability performance of the issuers of the financial instruments invested in by its subfunds. This certainly goes hand in hand with the general trend towards more sustainable development, and the increasing desire of most investors to themselves contribute to a sustainable future.

Key changes lead the investment process towards more sustainable development

From now on, the investment process will employ the ESG integration approach. The attainment of the new investment objective of the aforementioned 11 subfunds, which is defined as capital growth pursued by promoting environmental and social characteristics, will be measured by means of a joint indicator, i.e. the share of the assets of each of the subfunds covered by the ESG integration strategy. Investments considered to be aligned with environmental and social characteristics promoted by each of the subfunds will represent between 75% and 100% of their assets.

The Generali Group, one of the largest global financial and insurance groups (of which Generali Investments is a member), integrated sustainability principles into its business processes some time ago. Care for a more sustainable future is reflected in its investment decisions, employee engagement and customer relations. The objective is to create competitive returns in the long-term while at the same time generating positive impacts for society (S), the environment (E) and corporate governance (G) – the ESG factors. The integration of the ESG principles requires engagement and action on the part of all stakeholders: firstly, the state, whose task is to regulate this area in a systemic way, with appropriate incentives and laws. Secondly, companies, who will have to implement the laws and other rules in their business, amending their business processes accordingly. Just as important stakeholders are financial institutions catering for appropriate capital allocation and individuals displaying responsible conduct.

SFDR means Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector, which lays down rules for financial market participants and financial advisers on transparency with regard to the integration of sustainability risks and the consideration of adverse impacts in their processes and the provision of sustainability‐related information with respect to financial products.

 

**ESG is an abbreviation denoting Environmental (E), Social (S) and Governance (G) factors.

 

Generali Growth Equity Fund in the process of acquiring a share in the company Zobozdravstvo Diamant, Celje

 

Zobozdravstvo Diamant d.o.o. is the largest private dental centre in Slovenia headquartered in Celje, currently operating with ten dental chairs. Its core activities include prosthetics, orthodontics, implantology, dental conservation and endodontics. The company pursues a clear business strategy, focusing on customers – patients. Thanks to using sophisticated high-tech instruments and materials, the company provides its patients with high-quality services according to the one-stop-shop principle, satisfying medical, functional and aesthetic needs.

Through the Fund’s entry in the ownership structure, Zobozdravstvo Diamant will gain more financial strength and at the same time benefit from additional professional support and expertise in business expansion, thereby further consolidating its leading role in providing high-quality dental services.

Together with the founder, who is keeping a share in the company, the Fund plans expansion throughout Slovenia. This will help Zobozdravstvo Diamant bring its high-quality services closer to people in the entire country.

Generali Growth Equity Fund is a special investment fund managed by Generali Investments, Slovenia’s oldest management company with subsidiaries in Croatia and North Macedonia. Generali Growth Equity Fund invests in ambitious small and medium-sized companies, offering support for growth financing, capacity expansion, sales network building and new product development as well as the acquisition of competitors and management of succession matters.

 

The Generali Growth Equity Fund investment in Zobozdravstvo Diamant, d.o.o., is co-financed by the European Investment Fund and the SID Bank. Generali Growth Equity Fund was founded in 2019 as part of the Slovene Equity Growth Investment Programme (SEGIP), which was launched upon the initiative of the SID Bank in cooperation with the European Investment Fund (EIF). It offers equity and quasi-equity financing to Slovenian SMEs and mid-cap companies. The SID Bank committed to contributing EUR 50 million of its own funds to this programme (without state guarantee), and the EIF has provided an additional EUR 50 million under the European Fund for Strategic Investments (with EFSI guarantee). By mobilising additional funding from other private investors through the SEGIP programme, overall investments for Slovenian companies could exceed EUR 150 million, which is 3-times the contribution of the SID Bank.

 

Generali Growth Equity Fund completes the acquisition of a share in Rolnet d.o.o.

 

 

Established in 2004, Rolnet d.o.o operates in the markets of Slovenia, Croatia, Serbia, Bosnia and Herzegovina, Montenegro and Austria. Today, the company is a reliable partner in the sports nutrition industry and one of the leading specialised sellers of sports nutrition, health and wellness products in the region of South-East Europe. It develops and markets sports nutrition products and food supplements, focusing on sales in franchise stores, shopping centres, gyms, via online shops and through other distributors (retailers). The company owns the Proteini.si and Battery Nutrition brands, and has over the years gradually secured distribution and agency for the most established European brands of sports nutrition.

Through the equity investment of Generali Growth Equity Fund, Rolnet will be able to strengthen the further development of its services and their provision in the markets of the region.

Generali Growth Equity Fund is a special investment fund managed by Generali Investments, Slovenia’s oldest management company with subsidiaries in Croatia and North Macedonia. Generali Growth Equity Fund invests in ambitious small and medium-sized companies, offering support for growth financing, capacity expansion, sales network building and new product development as well as the acquisition of competitors and management of succession matters.

 

 

The Generali Growth Equity Fund investment in Rolnet d.o.o. is co-financed by the European Investment Fund and the SID Bank. Generali Growth Equity Fund was founded in 2019 as part of the Slovene Equity Growth Investment Programme (SEGIP), which was launched upon the initiative of the SID Bank in cooperation with the European Investment Fund (EIF). It offers equity and quasi-equity financing to Slovenian SMEs and mid-cap companies. The SID Bank committed to contributing EUR 50 million of its own funds to this programme (without state guarantee), and the EIF has provided an additional EUR 50 million under the European Fund for Strategic Investments (with EFSI guarantee). By mobilising additional funding from other private investors through the SEGIP programme, overall investments for Slovenian companies could exceed EUR 150 million, which is 3-times the contribution of the SID Bank.

 

 

NLB Banka Skopje in cooperation with Generali Investments AD Skopje introduces a new product – sale of units from investment funds

 

Today the cooperation between the two companies was marked with a donation for the young mathematics genius Damjan Davkov from Štip to whom the Council of the Municipality of Štip recently awarded the highest municipal distinction, the 8th of November award. The President of the Management Board of NLB Banka Skopje, Antonio Argir, President of the Management Board of Generali Investments, Luka Podlogar and Chief Executive Officer of Generali Investments AD Skopje, Laze Kamchev, presented Damjan with a voucher worth 3,000 euros, funds that will be invested in units in “Generali Top Brands”, in order to achieve additional income that he will be able to use in the future for his education and training.

“NLB Banka continuously introduces new and innovative products, at the same time enabling sophisticated and advanced consulting and optimal management of clients’ funds through products that correspond to their current needs and ensure future financial stability. Trading in units of investment funds is one of the fastest growing financial activities in our country, and additionally, after stabilising the situation arising from the pandemic and consequently, the domestic and world economy, even greater and faster growth of this industry is expected in the future. With this product NLB Banka Skopje completes its offer of non-banking financial products and thus equals the services offered by Western European banks by enabling wide opportunities for clients, comprehensive financial advice and access to a range of instruments that can meet even the most complex needs of clients and achieving their financial goals,” said Antonio Argir, President of the Management Board of NLB Banka Skopje, who congratulated Damjan and his family and expressed confidence that the units of the investment fund will bring Damjan a return that will provide him with a decent education in the future.

The President of the Board of Generali Investments, Luka Podlogar welcomed the cooperation between the two companies and on this occasion said: “We nurture the cooperation with NLB Banka Skopje and recognise the Bank as an important business partner. We strongly believe in synergy and I am convinced that this is just the beginning for further joint local and international growth and expansion of our product portfolio. I would say we are the best at what we do.”

“First of all, I would like to thank NLB Banka Skopje for the cooperation, the vision of the management for the future of the financial products and the comprehensive approach to the needs of the clients. Together with NLB Banka Skopje we are building a strong partnership and we are confident that this cooperation will provide a special approach and range of products that will benefit existing and future clients. I am convinced that our products, now available in all branches of NLB Banka Skopje, add value to the Bank’s offer because investment funds are becoming an increasingly important savings and investment product,” stated Laze Kamchev, Chief Executive Officer of General Investments AD Skopje.

Some of the products that are subject to this cooperation are: sale of units in equity funds with one-time payment, sale of units in equity funds with programmed payment, and sale of units in cash funds – intended for legal entities, as well as sale of units in investment deposit.

Both companies, Generali Investments AS Skopje and NLB Banka Skopje, are subsidiaries of two big and eminent Slovenian companies, the first one of Generali Investments, one of the largest and the oldest asset management companies in South-East Europe and the oldest asset management company in Slovenia; the second one of NLB Group.

THE GENERALI INVESTMENTS AD SKOPJE

Established in 2008, Generali Investments AD Skopje manages seven investment funds with EUR 37 million of assets of approximately 3.000 investors under management. Generali Investments AD Skopje is owned by Generali Investments Slovenia, and is part of the Generali Group.

THE GENERALI GROUP

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total premium income of € 70.7 billion in 2020. With more than 72,000 employees serving 65.9 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Commitment to sustainability is one of the enablers of Generali’s strategy, inspired by the ambition to be the Lifetime Partner to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network.

In Austria, Central and Eastern Europe and Russia the Group operates through its Austria, CEE & Russia Regional Office (Prague) in 13 countries being one of the top three insurers in the Region.

THE GENERALI INVESTMENTS
Generali Investments has EUR 563 billion in assets under management globally, and EUR 25 billion in assets under management in the CEE countries, which makes it one of the largest asset management companies in the CEE region.

 

 

 

Generali Growth Equity Fund closes the acquisition of a stake in Diverto d.o.o., Zagreb

 

 

Headquartered in Zagreb, Diverto was established in 2007 as a Comprehensive Information Security Provider. Since starting out as a pioneer in this field, it has grown to become one of the leaders within the region.

The company protects clients against security threats that can cause data breaches, financial loss and damaged credibility and is solely focused on information security. It offers a range of information security services, from consultancy to managed services. Its service portfolio consists of governance, risk & compliance, assessments and tests, education and training, incident response, defence services and Security Operations Centre (SOC). The company is the holder of one of the widest range of industry relevant certificates in the region.

The Generali Growth Equity Fund’s equity investment in Diverto will help the company continue its development activities in Cyber Security Solutions and expansion into the wider region.

Generali Growth Equity Fund is a special investment fund managed by Generali Investments, Slovenia’s oldest management company with subsidiaries in Croatia and North Macedonia. Generali Growth Equity Fund invests in ambitious small and medium-sized companies, offering support for growth financing, capacity expansion, sales network building and new product development as well as the acquisition of competitors and management of succession matters.

 

The Generali Growth Equity Fund investment in Diverto d.o.o., is co-financed by the European Investment Fund and the SID Bank. Generali Growth Equity Fund was founded in 2019 as part of the Slovene Equity Growth Investment Programme (SEGIP), which was launched upon the initiative of the SID Bank in cooperation with the European Investment Fund (EIF). It offers equity and quasi-equity financing to Slovenian SMEs and mid-cap companies. The SID Bank committed to contributing EUR 50 million of its own funds to this programme (without state guarantee), and the EIF has provided an additional EUR 50 million under the European Fund for Strategic Investments (with EFSI guarantee). By mobilising additional funding from other private investors through the SEGIP programme, overall investments for Slovenian companies could exceed EUR 150 million, which is 3-times the contribution of the SID Bank.

 

Generali Investments consolidates its position in North Macedonia

 

With the completion of the merger with DRUŠTVO ZA UPRAVUVANJE CO INVESTICIONI FONDOVI ILIRIKA FUND MENAĐMENT AD SKOPJE, abbreviated name ILIRIKA FM AD SKOPJE, Generali Investments AD Skopje will increase its market share in asset management in North Macedonia to 26%. The transaction is subject to relevant regulatory and competition approval.

Established in 2008, Generali Investments AD Skopje manages four investment funds with EUR 31.3 million of assets of approximately 2000 investors under management. Upon the merge with ILIRIKA FM AD SKOPJE, the company will take over three Ilirika investment funds and discretionary mandates, with 1900 investors, increasing its total assets under management to EUR 46 million of 3900 investors.

Luka Podlogar, President of the Management Board of Generali Investments AD Skopje, says: “Generali Investments remains firmly anchored in North Macedonia’s market, and with this acquisition strengthens its position as a top asset manager in the region. Under the umbrella of Generali Investments, the doors are opening for further local and international growth and expansion of the product and service offering for investors.”

Laze Kamčev, CEO, of Generali Investments AD Skopje, commented: “We combine our excellent asset management performance and best knowledge of the local market with global strength. For all our clients, our goal is to offer innovative, well-managed products backed by the knowledge, resources and power of the large Generali Group.”

THE GENERALI GROUP
Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in 50 countries in the world, with a total premium income of more than EUR 69.7 billion in 2019. With nearly 72,000 employees serving 61 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. Generali’s ambition is to be the “Life-time Partner” to its customers, offering innovative and personalized solutions thanks to an unmatched distribution network. In Austria, Central and Eastern Europe and Russia the Group operates through its Austria, CEE & Russia Regional Office (Prague) in 13 countries being one of the top three insurers in the Region.
Generali Investments has EUR 630 billion in assets under management globally, and EUR 23 billion in assets under management in the CEE countries, which makes it one of the largest asset management companies in the CEE region.

 

 

Generali Investments with the Best Asset Manager of the Decade

 

Each year, the Moje finance magazine proclaims the best mutual and pension funds and the best asset manager. At this year’s annual event held as a video conference, the Best Asset Manager of the Decade was selected for the first time – a title that went to Primož Cencelj, CFA, Senior Portfolio Manager at Generali Investments.

Primož Cencelj, who manages two bond funds, Generali Bond and Generali Corporate Bonds, and a money market fund, Generali MM, won the title of the Best Fund Manager in 2014, at the age of only 29. He later won this prestigious title two more times, in 2016 and 2018. This year, he missed it by a hair’s breadth, finishing second. His bond fund won five stars and three silhouettes for the best managed funds in Slovenia for all the three relevant periods (3, 5 and 10 years). With its long-standing experience in the Slovenian and regional capital markets, and excellent international connections, the asset management team of Generali Investments won the Best Fund Manager title a record six times in the decade, in 2011, 2014, 2016, 2017, 2018 and 2019.

At this year’s event, stars were also assigned to funds for 3-year, 5-year, and 10-year periods, representing the highest recognition in the mutual fund industry and expressing unparalleled excellence in fund management.

This year’s top awards – five stars – went to the following funds:
– For 3-year, 5-year and 10-year periods in the European Corporate and Aggregate Bond category: Generali Bond
– For a 10-year period in the Equity Information Technology category: Generali Technology

In the category of the Best Asset Manager of the five-year period 2015–2019, Primož Cencelj won second place, and also became the Best Asset Manager of the Decade – from 2010 to 2019. In the same category, David Zorman of Generali Investments came fourth.

Upon receiving the Moje Finance award for the Best Asset Manager of the Decade from Andrej Šircelj, the Minister of Finance, Primož Cencelj, CFA, said: “I am grateful to my wife for all her support, and to my current and former colleagues and bosses. I wish the next decade to be a period of inflows into mutual funds. And I wish Slovenians to recognise the investment opportunities presented by this industry.”

Luka Podlogar, the President of the Management Board of Generali Investments, stressed: “I am proud of our team, and – frankly speaking – not surprised that we won the Best Asset Manager of the Decade award. Winning numerous national and international awards in the past, we have repeatedly proven that we work with a top team characterised by a winning mindset.”