Costa Rica's Cathay pulls out of investment funds
Costa Rica's Cathay financial group is withdrawing its investment funds from the market, leaving 132 investors to seek other opportunities.
Monday, June 2, 2008
Geannina Gurdián, a Cathay manager, said the group found that management of the funds took up time that could be more profitably occupied in other activities.
In the market there are 14 investment fund management companies, managing a total of approximately 100 funds.
In Costa Rica, investment funds grew 16% in 2009, in spite of losing almost 10% of their investors.
Despite the international financial crisis, assets have grown by 8% in 2010 and the number of investors increased 10% to 33.432 customer accounts.
Measures oblige firms to have liquid assets ready to meet obligations.
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