November 25 (SeeNews) - Bulgaria's financial regulator on Wednesday gave the green light to local company Adamant Capital Management to operate as an asset manager.
Adamant Capital Management will manage collective and closed-end investment schemes, the Financial Supervision Commission (FSC) said in a statement.
Adamant Capital Management is 100%-owned by Adamant Capital.
Adamant Capital also owns local investment intermediary Adamant Capital Partners.
There are 40 private local asset managers operating 100 funds registered in Bulgaria, FSC data showed.