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VTB Capital Asset Management and the Russian International Olympic University Endowment have signed anĀ asset management agreement


Jun 25, 2014

VTB Capital Asset Management has signed an asset management agreement for the Russian International Olympic University (RIOU) Endowment.

At present VTB Capital Asset Management manages the funds of ten Russian endowments, including the St Petersburg State University Development Fund, the Transsoyus Fund, the Urals Federal University of Boris Yeltsin Fund, the Higher School of Economics Fund, the Finance University Fund and others. The total AUM of these endowments exceeds RUB3.4 bln, or about 12% of the market. Total AUM of VTB Capital Investment Management exceeds RUB260 bln.

The RIOU Endowment was created in 2014 in order to expand the sources of financing for educational programs. RIOU is the world’s first university having the status of Opympic, dedicated to sport business education, offering unique programmes infused with Olympic values and experiences. Its activities concentrate on training specialists in sports management for the Russian and international sports industry, and the Olympic and Paralympic Movements.

Vladimir Potapov, Chief Executive officer of VTB Capital Investment Management, said, «For us this is a big honor and responsibility to become the management company for the RIOU endowment. We are confident that the university will become the center for a new generation of sports managers not only in Russia but in all countries that shares Olympics values and spirit. Our task is to maintain and increase the endowment’s capital using investment strategies with minimal risk. We see this as our contribution both to the future of Russian sport and to the Olympic movement as a whole.»

Lev Belousov, professor and head of RIOU said, «Endowments are the main source of financing for leading global universities. Now RIOU also has an endowment. We have only just begun with its formation and I hope that with support from donors as well as careful management, the endowment will facilitate the successful development of the university for many years to come.»


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