Advice to private investors:
exhibitions again a valuable aid.
Property investment and management:
majority interestin Bogamij group.
It is clear that the increasing preference among
private individuals and pension fund managers
for professional control of their capital assets is
due in part to our sound investment policy,
which has produced satisfactory capital growth
over the entire range. The need to monitor, and
if necessary adjust, the composition of each
individual portfolio to ensure adequate risk-
spreading and to meet changing circumstances
and prospects, means that the demand for
continuous expert management will go on rising,
both at home and abroad.
Our investment consultancy departments, which
exist to provide private clients in the Nether
lands with guidance in portfolio management,
were also in greater demand in 1985. This
growth, which necessitated an increase in the
number of advisors, was largely allied to the
record level of trading on the various stock
exchanges. But the initiatives taken by the
departments themselves, leading to a more
comprehensive service, also contributed to
greater interest being shown in investment
consultancy.
In this context we can cite the opportunity
offered to clients to have their portfolios
critically examined and where necessary brought
into line with new thinking and changed circum
stances. Exhibitions organized for the benefit of
k-
existing and potential investors also represent an
extension of the service. At these events, not
only is a wide range of investment information,
products and services demonstrated, but also
details of the technical aids which are now avail
able to the investor.
The principal facet of our operations in this area
in 1985 was a further expansion of Bogamij B.V.
This was allied to a decision to participate also
in the second phase of the Ravinia project in
Atlanta, in the USA. The first phase, on which
work commenced at the end of 1983, was
handed over, fully let, on 30th September 1985.
A partner has meanwhile taken a 30% share in
both phases. ABN Atlanta recently moved into
the first of the buildings.
At the end of 1985, the Bank increased its inter
est in Bogamij Management B.V. to 75% and
acquired a further 15% of the shares of Bogamij
Beheer B.V., bringing its holding to 45%. With
this transaction, Bredero Vast Goed N.V. with
drew from the Bogamij group. The Bank
proposes, in the course of 1986, to acquire the
49
Investors' open days drew the crowds.
