Modus Asset Management obtains Alternative Investment Fund Manager (AIFM) license 

Modus Group, one of the largest groups of companies in Lithuania, engaged in investment management in automotive, renewable energy, car sharing, and other business areas, has set up the investment management company – Modus Asset Management. 

On 13 November 2017, the Bank of Lithuania granted an AIFM license to Modus Asset Management, which allows it to manage alternative investment funds dedicated to professional investors. 
The main investment targets of Modus Asset Management are renewable energy projects, which offer investors good risk and return balance as well as limited correlation to other investment classes.