Renaissance Investment Management (RIM) was established as an independent business in January 2003 as part of the Renaissance Group. The Renaissance Group is an independent group of unified finance and investment companies specializing in high-opportunity emerging markets. Rim consists of investment banking, asset management, merchant banking and consumer finance.
RIM operates in Russia, the UK, USA, Cyprus, Ukraine and the British Virgin Islands. Recent plans include expansion to Kazakhstan and the opening of a Swiss subsidiary.
RIM is very demanding in its choice of business partners. While trading with the best houses in Russia and internationally, and maintaining close working relations with Renaissance Group, RIM uses the largest banks as cash and securities custodians, and enjoys close co operation with the best legal counsel, administrators and trust services companies.
RIM has 2 business lines: asset and fund management and Wealth Management. While providing Wealth Management services to high net worth individuals, the company targets the top segment of the market-a minimum investment size of $1 million. Actually, the average account size with RIM is far in excess of this, at over $6 million, while the largest single account is just above $100 million. Through such obvious economies of scale, RIM provides clients with the opportunity to enjoy a high level of service, a truly individual approach and unique flexibility in the management of their investment (on demand additions and redemptions policy, no redemptions fees, etc) .
RIM believes that constant innovation and the development of new products allow us to bring added value to our clients. The company has pioneered a number of investment strategies in the market such as Small Caps, short duration bonds and capital protected balanced. With respect to other products / sectors, such as the utilities sector equities or Ukrainian equities portfolio, RIM was one of the first managers to launch the product. Currently, RIM is about to launch 2 new strategies dedicated to pre-IPO and banking sector equities, while new-to-the-market strategies such as CIS high yield bonds and Ukrainian bonds are under close consideration. Rim uses its advantageous position as a local company and its strategic practice of "best portfolio managers on board" to provide its clients with excellent 9 products within the context of a specific structure.
RIM started its first international investment fund (Russia Renaissance Fund) in July 2004. Since that time, this fund has maintained its performance within the first quartile of the funds dedicated to the Russian equity market. The performance of the fund in 2005 allowed Bloomberg to include it in the top 10 emerging markets funds with the best performance. Rim also specialises in managing segregated portfolios along a range of investment strategies. The portfolio's performance shows a consistently high quality of portfolio management across the range.
With more than 500 clients as of December 2006, RIM shows the highest speed of asset attraction in the market (over 300% growth in assets under management during 2005, 1200% in 24 months) , the fastest growth in its client base and the best profile of core clients. Our clients include 5 out of the 10 largest Russian insurance companies, 8 out of 10 largest Russian non-state pension funds, including the top 3, and a number of the largest Russian corporations. Rim has successfully participated in and has won each of the 15 tenders that it has participated in during the last 12 months.
RIM is acknowledged as the leader in the market by the Russian financial markets society. The National Rating Agency has granted the company the highest rating possible, (outstanding quality and security) .