KD Locusta to Take Over Ilirika Funds in Croatian Market

(Ilirika, Ljubljana) Slovenia’s KD Group continues its efforts to consolidate Croatia’s funds market via its Croatia-based branch office.

In a meeting on Friday, the Croatian Financial Services Supervisory Agency (Hanfa) gave a permission to KD Locusta Funds to take over the management of all three funds of Ilirika Investments, a Croatia-based branch of Slovenia’s Ilirika DZU financial group.

The branch of Slovenia’s KD Group will thus take over the management of the Ilirika BRIC, Asian Tiger and Europe funds. The management tasks will be transferred to the society taking over the management of the funds on June 30, 2016.

Active also in Serbia, Ilirika has been present in the country’s investment funds market for nine years. Today, it manages five investment funds, thus being the leader in the market in terms of the number of funds it manages and, consequently, in terms of diverse investments offered to its clients.