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Friday, May 6, 2011

Prime Capital listed their first mutual fund

Irvin Avriano A.

Prime Capital listed their first mutual fund

JAKARTA: PT Prime Capital, an investment manager company, have their very first mutual fund namely Prime Star Balance Fund.

The mixed type mutual fund is using services from PT Bank Mandiri Tbk as their custodian. The matter also announced on Indonesia Central Securities Depository (KSEI) website last month.

Prime Capital is obtained investment manager license from Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) since 2002, but their recording at capital market authority shows the product is their very first mutual fund.

The action indicated that the company that commandeered by Ali Handojo is trying to comply to authority's policy that oblige every investment manager have to have at least one mutual fund.

Their president director, Ali Handojo, also recorded as their shareholder, a fifty-fifty portion together with Rudy Handojo.

But the information on their company's profile at the Bapepam-LK website doesn't show any connection to similar name of IDX participant brokerage house, PT Prime Capital Securities which coded QA.



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