HANSAN SALKUNHOITAJA

2007/06/26 Enn Metsar ja Otto Vaarmann will become new fund managers of Hansa Investment Funds

Head of Equity Research of Hansa Investment Funds Enn Metsar will start working as a fund manager of Hansa Eastern Europe Equity Fund and portfolio manager Otto Vaarmann as a fund manager of Hansa Eastern Europe Real Estate Equity Fund from July 13.

Current fund manager Alvar Roosimaa has informed Hansa Investment Funds about his intention to leave the company. According to Robert Kitt, the head of management board of Hansa Investment Funds, Alvar as a fund manager together with Otto and Enn as analysts have formed a good and complementary team. „Alvar is a starter of processes by nature and this is why I can understand his decision,” said Kitt. „He has created a good team-based investment process to aid in fund management and this provides a solid background for further growth of client investments.” Alvar Roosimaa has worked in Hansa Investment Funds since 2003, the funds under his management have had excellent risk and return characteristics and have also been assigned good ratings by international rating agencies.

New fund managers have been part of the analyses and management of the Eastern Europe funds – Enn Metsar has managed the equity analyses process of Hansa Investment Funds for two years, Otto Vaarmann was responsible for portfolio management of Hansa Eastern Europe Real Estate Equity Fund. „They have proved themselves as experts of Eastern Europe equities and will now take on additional responsibility of fund management,” said Kitt.

Both fund managers have worked in Hansa Investment Funds since 2005. Metsar has obtained a masters degree from Carnegie Mellon University (USA) on public administration and management. Vaarmann has graduated from Estonian Business School with bachelor degree in international business, accounting and finance.