Kothari Pioneer's management team has delivered superior investment performance and has shown high integrity and transparency in their conduct of business, said John F Cogan Jr, chairman and president of the Pioneer group, in a statement here on Tuesday. He assured the investors that the AMC would continue to be managed in the same professional manner. Highlighting Pioneer's commitment, John said that the group is gearing up for another major thrust and substantial increase in involvement to its Indian MF operations.

On the recent acquisition of the principal holdings of ITI, Kothari Pioneer's another JV partner, by Calcutta-based TCK Finance and Leasing Ltd, John said ITI and Pioneer are committed to providing necessary additional resources to support the growth ofKothari Pioneer AMC. The infusion of additional capital, John added, will be used for strengthening KPMF's investment process and systems, expanding the range of investor service and developing distribution channels to reach the vast investor base.