LHV Pensionifond Eesti
The assets of the Fund shall be invested up to 100% in Estonia and in instruments related to Estonia, if possible and upon finding suitable instruments. At the same time, the proportion of Estonian-related instruments in the Fund is at least 50% of the value of the Fund’s assets. The assets of the Fund may be fully invested in the equity markets. In addition, the Fund is authorized to borrow up to 10%. The Fund’s long-term preferred asset class is investments related to Estonia.
Registration date: 20.03.2018
Issue fee: 0%
Redemption fee: 0%
Management fee: 0.72%
Total expense ratio (2018): 1,61%
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: PricewaterhouseCoopers AS
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.