Company history

Pioneer Fund Management (former CA IB Fund Management) is one the oldest and one of the most significant player of the Hungarian mutual fund and portfolio management market.

CA IB has become the member of the one of the oldest intenational fund management group.

Former owner, Capital Invest has sold ist CA IB shares to Pioneer Group, so CA IB Fund Management will continue operation as Pioneer Fund Management.

CA IB Fund Management belonged to HVB Bank Group due to its former owner Capital Invest ( investment fund and asset manager daughter company of Bank Austria Creditanstalt) until fall 2005 when HVB Banking Group and UniCredit Banking Group merged. The merged bank group provides its services to 28 million clients in 19 countries with 140.000 employees in 7000 bank units day by day. UniCredit is one of the leading banks in Europe, it is one of the 50 greatest companies in Europe. 

Similarly to the merge of the banking groups, asset management companies of HVB and UniCredit are going to merge under the umbrella of Pioneer Investments - fund and asset management holding of UniCredit. With the joining of HVB Group's asset management companies, Pioneer Investments will become an even more significant factor on the investment market. As a part of this process the former owner Capital Invest sold its shares in CA IB Fund Management at the end of October 2006 to Pioneer Global Asset Management S.p.A ("PGAM")

The legal predecessor of the CA IB Fund Management, CA IB Securities Inc., was the leading invetsment bank of Hungary until the merge with HVB Bank. With its foundation in February, 1989, it was the first bank of this kind in Hungary after the political transition. Pioneer Fund Management (former CAIB Fund Management) started its operation in 1992.  

Presently, Pioneer Fund Management (former CAIB Fund Management) performs complete fund management service based fully on its own staff and technical equipment. By the end of 2002, Pioneer Fund Management (former CAIB Fund Management)became a classical capital market company with the profile of fund management even in the Western sense of the word.  With the help of its international background it covers the total global spectrum both from the instruments and the geographical point of view. The main profile of our firm is asset-, fund- and portfolio management. The activities beyond these (investment advisory, sales of own investment units as agents) do not represent significant proportion.

From the professional view, we differentiate between two outstanding fileds within the activities of the company. One is fund management, where the owner basis is deffuse, and the asset management is not based on individual contracts but on the emission and redemption standardized securities (units of mutual funds). The other field is the asset- and portfolio management, where the investment policy is determined by the individual contracts with institutional and private clients.  

Several innovative steps are connected to the name of the Fund Management company in the Hungarian market: 

• 1992: emission of the first mutual fund in Hungary,
• 1996: emission of the first international fund in Hungary, CA FX Equity fund,
• 1997: introducing the fund family concept into the market: CA Bond Fund and CA Equity Fund,
• 1998: setting up the first money market fund in hungary: CA Money Market Fund,
• 2000: launching the the first domestic career saving investment fund: CA Balanced Fund,
• 2001: the first domestic industrial sector fund (investing in pharmaceutical industry): CA TopPharma Fund,
• 2003: the first capital guaranteed fund in the history of the company,
• 2004: the first domestic capital guaranteed fund with a hybrid-rainbow option,
• 2005: the first domestic new generation multiprifile capital guaranteed fund.