Investment Fund management company IPV (Investiciju portfeliu valdymas) was registered 4 August, 2000. Registry entry Nr. UĮ 2000-205. Company code 111707985. The company was licenced for managing mutual funds on 19 October, 2000; prolonged on 15 January, 2004 (Licence Nr. VĮK-004).

April 21, 2006 IPV was issued a licence nr. VĮK-011 which allows to manage not only investment funds, but also investment variable capital companies, closed end investment funds and private investment portfolios and to provide investment consulting service.

The company changed its name to "Orion Asset Management" on January, 2011.