Pension Fund LHV XL
The Fund prefers foreign markets, more liquid and traded instruments on regulated markets when investing assets. The assets of the Fund may be invested in their entirety in equities, equity funds and other equity-like instruments. The Fund is allowed to borrow up to 10% of the Fund's assets value. The long-term preferred asset class of the fund is public equity investments.
Registration date: 30.04.2002
Issue fee: 0%
Redemption fee: 0%
Management fee: 0.60%
Total expense ratio, 2019 : 0,98%
Andres Viisemann, Kristo Oidermaa, Romet Enok
Fund manager – AS LHV Varahaldus
Name: AS LHV Varahaldus
Registration number: 10572453
Registration date: 09.08.1999
Paid up capital: 1 500 000 EUR
Auditor: KPMG Baltics OÜ
Owners: 100 % - AS LHV Group
Members of the managing board are Vahur Vallistu and Joel Kukemelk.
Vahur Vallistu is the Chairman of the Management Board of LHV Asset Management since June 2019. Before assuming his current position, he worked in Project Financing department at Swedbank. Vahur Vallistu graduated from the Stockholm School of Economics in Riga in 2011 with a degree in Economics and Business Management. In 2019, Vahur Vallistu graduated from the University of Tartu with an MBA degree in Business and Technology Management. Vahur Vallistu is CFA® (Chartered Financial Analyst) charterholder and member of Supervisory Board of the Educational Friends Foundation.
Joel Kukemelk, CFA works as a Fund Manager since 2010 and as a member of the management board of LHV Varahaldus since 2014. Mr Kukemelk has been working for LHV Group since 2006. Before attaining his current position in LHV Varahaldus, he worked as a stock market analyst and as a portfolio manager in LHV Pank. In 2010, he graduated from the University of Tartu with a Master’s degree (cum laude) in Economics, specialising in finance and accounting. Additionally, Mr Kukemelk is a CFA® charterholder. Mr Kukemelk is the member of the supervisory board of Estonian Guarantee Fund.