Investment management

In recent years, the investment management industry in the Czech Republic has developed dynamically and with continuously increasing confidence, although after a certain swing of Czech investors in investment products caused by the global financial crisis. After EU accession, the supply of investment products offered by international players has enlarged the existing product portfolio considerably, which is particularly true for the mutual fund business. Growth stimulus for the pension fund management business is expected in the future with the launch of contemplated pension reform.

Industry issues

• High concentration of the local asset management market
• Setting up of funds in more fund-friendly domiciles (Luxembourg, Ireland, etc.)
• Harmonisation of regulation, performance management and reporting according to EU rules
• Challenges and opportunities of UCITS IV – application in 2011
• Challenges in Directive on Alternative Investment Fund Managers (AIFM)

Industry-specific services

• Strategy development advice with regards to products, segmentation, distribution, corporate governance, etc.
• Assistance in complying with recognised investment management standards
• Legal, accounting and tax advisory for investment management entities
• Independent third-party testing of the compliance with performance management standards
• Assistance in setting up the Funds of Qualified Investors
• Legal, accounting and tax reviews of financial instruments (e.g. derivatives, securities, etc.)