{"id":37800,"date":"2026-03-27T22:05:06","date_gmt":"2026-03-27T22:05:06","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/37800\/"},"modified":"2026-03-27T22:05:06","modified_gmt":"2026-03-27T22:05:06","slug":"nejvetsi-fond-na-pudorysu-ceskoslovenska-jt-arch-musel-privrit-dvere-pred-investory-prali-se-o-jeho-akcie","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/37800\/","title":{"rendered":"Nejv\u011bt\u0161\u00ed fond na p\u016fdorysu \u010ceskoslovenska J&T Arch musel p\u0159iv\u0159\u00edt dve\u0159e p\u0159ed investory, prali se o jeho akcie"},"content":{"rendered":"

Investi\u010dn\u00ed vlajkov\u00e1 lo\u010f<\/a> skupiny J&T za sebou m\u00e1 rekordn\u00ed rok. Fond J&T Arch<\/a>\u00a0uzav\u0159el rok 2025 s aktivy ve v\u00fd\u0161i tak\u0159ka 203 miliard korun. Jen b\u011bhem lo\u0148ska p\u0159itom do fondu p\u0159iteklo p\u0159es 81 \u010derstv\u00fdch miliard. Mimo\u0159\u00e1dn\u00fd p\u0159\u00edliv kapit\u00e1lu si dokonce vynutil ne\u010dekan\u00fd krok: zaveden\u00ed poplatku pro nov\u00e9 pen\u00edze.\u00a0<\/p>\n

J&T Arch<\/a>\u00a0t\u011b\u017eil prim\u00e1rn\u011b z dominance v energetick\u00e9m sektoru a investic do imp\u00e9ria EPH Daniela K\u0159et\u00ednsk\u00e9ho. Za dvan\u00e1ct m\u011bs\u00edc\u016f se korunov\u00e1 t\u0159\u00edda fondu zhodnotila o 15,8 procenta, za \u010d\u00edm\u017e podle fondu stoj\u00ed p\u0159edev\u0161\u00edm robustn\u00ed v\u00fdkonnost holdingu EPH.\u00a0<\/p>\n

Rekordn\u00ed p\u0159\u00edliv pen\u011bz<\/p>\n

\u201eRok 2025 byl pro J&T Arch v\u00fdjime\u010dn\u00fd nejen z pohledu v\u00fdkonnosti, ale i struktury portfolia. Z\u00e1jem investor\u016f v kombinaci s velmi solidn\u00edm zhodnocen\u00edm portfolia vy\u00fastil v rekordn\u00ed meziro\u010dn\u00ed n\u00e1r\u016fst aktiv, a tak jsme na konci roku p\u0159ekonali dal\u0161\u00ed v\u00fdznamn\u00fd miln\u00edk, kdy aktiva pod spr\u00e1vou poprv\u00e9 p\u0159es\u00e1hla hranici 200 miliard korun,\u201c hodnot\u00ed v\u00fdsledky Adam Tomis, \u010dlen investi\u010dn\u00edho v\u00fdboru J&T Arch.\u00a0<\/p>\n

Zejm\u00e9na z\u00e1v\u011br lo\u0148sk\u00e9ho roku p\u0159inesl pro portfolio J&T Arch dv\u011b v\u00fdznamn\u00e9 transakce. Skupina Energetick\u00fd a pr\u016fmyslov\u00fd holding (EPH), v n\u00ed\u017e m\u00e1 fond nep\u0159\u00edmou expozici, uzav\u0159ela v listopadu dohodu se spole\u010dnost\u00ed TotalEnergies o vytvo\u0159en\u00ed spole\u010dn\u00e9ho podniku zam\u011b\u0159en\u00e9ho na flexibiln\u00ed energetick\u00e9 zdroje v n\u011bkolika evropsk\u00fdch zem\u00edch.\u00a0<\/p>\n

O m\u011bs\u00edc pozd\u011bji pak J&T Arch p\u0159\u00edmo investoval 500 milion\u016f eur, tedy zhruba 12,2 miliardy korun, do preferen\u010dn\u00edch akci\u00ed skupiny EP Equity Investment (EPEI). Fond t\u00edm z\u00edskal p\u0159\u00edstup k diverzifikovan\u00e9mu glob\u00e1ln\u00edmu portfoliu a zast\u00e1v\u00e1 tak pozici kl\u00ed\u010dov\u00e9ho finan\u010dn\u00edho partnera struktur Daniela K\u0159et\u00ednsk\u00e9ho EPEI a VESA.\u00a0<\/p>\n

Na v\u00fdsledc\u00edch fondu ve \u010dtvrt\u00e9m \u010dtvrtlet\u00ed se tak\u00e9 v\u00fdznamn\u011b pod\u00edlela nejv\u011bt\u0161\u00ed investice do fondu J&T Alliance, zejm\u00e9na d\u00edky p\u0159ecen\u011bn\u00ed nep\u0159\u00edm\u00e9 investice do 44procentn\u00edho pod\u00edlu ve skupin\u011b EPH, jeho\u017e v\u00fdkonnost dos\u00e1hla \u00farovn\u011b mo\u017en\u00e9ho celoro\u010dn\u00edho maxima. Pozitivn\u00ed vliv m\u011bly tak\u00e9 dobr\u00e9 v\u00fdsledky Moneta Money Bank a zhodnocen\u00ed investice do Emma Alpha Holding byznysmena Ji\u0159\u00edho \u0160mejce.\u00a0<\/p>\n

Stopka pro nov\u00e9 miliardy<\/p>\n

Paradoxn\u011b nejv\u011bt\u0161\u00ed v\u00fdzvou fondu se loni stal jeho vlastn\u00ed \u00fasp\u011bch. Extr\u00e9mn\u00ed p\u0159\u00edliv kapit\u00e1lu toti\u017e za\u010dal nar\u00e1\u017eet na stanoven\u00e9 limity investi\u010dn\u00ed kapacity. Skupina J&T se dlouhodob\u011b zav\u00e1zala dr\u017eet v Arch p\u0159ibli\u017en\u011b polovinu kapit\u00e1lu, a aby tuto rovnov\u00e1hu udr\u017eela, s\u00e1hla v prosinci k zaveden\u00ed takzvan\u00e9ho kapacitn\u00edho poplatku.\u00a0<\/p>\n

Toto \u201evstupn\u00e9\u201c m\u011blo za c\u00edl radik\u00e1ln\u011b omezit p\u0159\u00edliv nov\u00fdch pen\u011bz, co\u017e se v \u010d\u00edslech projevilo okam\u017eit\u011b. Zat\u00edmco d\u0159\u00edve fond absorboval miliardy, v posledn\u00edm kvart\u00e1lu dos\u00e1hl objem \u00fapis\u016f osmdes\u00e1t t\u0159i miliony korun.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Investi\u010dn\u00ed vlajkov\u00e1 lo\u010f skupiny J&T za sebou m\u00e1 rekordn\u00ed rok. Fond J&T Arch\u00a0uzav\u0159el rok 2025 s aktivy ve…\n","protected":false},"author":2,"featured_media":37801,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[67,68,8886,8005,7599,69,1099,2939,15416,15178,703,12544],"class_list":["post-37800","post","type-post","status-publish","format-standard","has-post-thumbnail","category-byznys","tag-business","tag-byznys","tag-ceskoslovensko","tag-daniel-kretinsky","tag-energeticky-a-prumyslovy-holding","tag-investice","tag-investor","tag-jt","tag-jiri-smejc","tag-moneta-bank","tag-penize","tag-totalenergies"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116303411444188040","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/37800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=37800"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/37800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/37801"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=37800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=37800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=37800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}