Sarijaya mutual funds been transfered

as published in Bisnis Indonesia daily newspaper
Tuesday, 24/11/09
Sarijaya mutual funds been transfered

JAKARTA: Investors and the management of funds in two mutual funds, Sarijaya Smart Equity and Sarijaya Smart Mix that worth IDR25 billion -- IDR30 billion, transfered to PT Bahana TCW Investment Management.

PT Sarijaya Permana Sekuritas, the securities company that manage the mutual funds been suspended earlier this year after a criminal case filed by the capital market's authority that point to its owner, Herman Ramli. He was accused for use investors money to invest without permission.

"It's been organized well, and still waiting for the agreement," said Invesment Management Bureau Chief Bapepam-LK Djoko Hendratto to the press yesterday.

Bahana TCW Investment's President Director Edward Parlindungan Lubis said the intention of switching the mutual funds came from investors request.

He said that the name of the two mutual fund will became Bahana Equity Smart and Bahana Mix Smart.(Bisnis/21)