PJSC Sberbank : Sber Asset Management to manage HSE University endowment funds

Sber Asset Management has begun managing HSE University's trust fund. Revenue from investing will go toward implementing programs and projects for the development of the university. The endowment is the management company's eighteenth trust fund.

HSE University's trust fund was established in 2008 and is one of the three largest university funds in Russia. It accepts donations from individuals and legal entities and invests the funds under a fiduciary management agreement.

The endowment consists of a number of sub-funds intended to support the work of various programs: research, scholarship and grant programs, the development of individual faculties and the university's lyceum, and support for outstanding graduates. The income of the sub-fund now under the management of Sber Asset Management will be used to support research into the processes that take place in the human brain and the development of cognitive functions.

Evgeny Zaitsev, CEO, Sber Asset Management:

"Sber Asset Management continues to expand its cooperation with trust funds. We work with a wide range of endowment funds, each of which has its own unique specific character. This has enabled us to amass an immense amount of experience and broaden our competencies in working with trust funds as much as possible. The key success factors are an understanding of the particularities of endowments and an individual approach. We are actively developing our support of educational projects. We are very pleased to be contributing to this area and that one of the most renowned and prestigious universities in the country has acknowledged our professionalism."

Sber Asset Management is the largest and one of the oldest and most successful asset management companies in Russia, with over RUB 1.5 tn in assets under its management. The company's investment team has vast experience and expertise in managing the funds of institutional clients. Sber Asset Management has consistently maintained the highest reliability ratings from Expert RA (A++) and the NRA (AAA). The company has a broad range of institutional clients, including private pension funds, insurance companies, and compensation and endowment funds. Sber Asset Management manages funds for over 30 institutional clients, including the Russian Pension Fund, NPF Otkritie, NPF Surgutneftegaz, NPF Renaissance Pensions, the Federal Foundation for the Protection of Investors and Shareholders' Rights, and more.