Fondul Proprietatea : FP

Fondul Proprietatea is a Romanian company whose shares are listed on the Bucharest and, as GDRs, on the London Stock Exchange. The Fund was established by the Romanian Government in 2005 and eligible claimants who lost property under former communist governments were awarded shares in the Fund in lieu of compensation. The restitution process is wholly independent of Fondul Proprietatea and is managed by the National Agency for Property Restitution, a specialized legal entity of the central administration.

The Fund’s investment objective is the maximization of returns and per-share capital appreciation via investments mainly in Romanian equities and equity-linked securities. In the short to medium term, their key priority is to unlock the long-term value of the underlying portfolio holdings through active management. A primary focus will be to ensure that strong corporate governance principles are followed by portfolio companies which in their view will benefit both the underlying companies and other stakeholders.

You can access the fund’s website here