(Ljubljana, 13 February 2019) After more than a quarter of the century, KD Funds is becoming part of the international group Generali. KD Funds, a mutual funds pioneer, has left an indelible mark in the industry in Slovenia and the region. The company manages the first Slovenian mutual fund incepted in 1992, KD Galileo, and the oldest Croatian equity mutual fund, KD Victoria.
After more than a quarter of a century in business, KD Funds is now joining the international Generali Group. Founded in 1831, Generali is an independent international financial group with a presence in over 50 countries across the world and employing more than 71,000 people. In 2017, Generali collected EUR 68 billion in insurance premiums and had EUR 487 billion of assets under management. According to the Fortune Global 500 report, Generali is ranked one of the world’s 60 largest companies, based on sales, profit, assets and market value. Generali Investments CEE, the largest asset management company in Central and Eastern Europe, managing EUR nearly 17 billion of assets, is also a member of the Group.
Luka Podlogar, President of the Management Board of KD Funds, comments on this significant milestone: »Apart from being one of the leading global insurers, Generali is also one of the largest European asset managers. Becoming part of the Generali Investments family will strengthen KD Funds’ ability to implement its growth strategy in South Eastern Europe. Furthermore, it will enable the company to broaden its products and investor base, as well as enable its employee’s additional development opportunities. We have an excellent team; we offer advanced and modern financial products that are constantly adapted to the financial needs of the market and our investors. Generali’s long term tradition and knowledge will help in further product upgrading. Our excellent and experienced team, in which we trust, remains the same. We are proud to become part of an international team with a winning mind-set. Exceptional opportunities are in front of us and I am convinced that we will use them for the benefit of our investors.”