Dietmar Schieber

#NetzworkNews – On July 11, Medical Valley EMN e. V. invites to this year #FrankenFinanceFestival! Founders will gain valuable insights into diffrent funding models, experts will be available for one-on-one advice, and you will learn the basics of legal/tax and IP in workshops. Find more information below 👇 or reach out to Yvonne Dauer and Julian Geißendörfer!

8

German fund industry grows by 9 per cent year-on-year: ◾ Equity funds are the largest group ◾ Bond funds top the sales list ◾ Spezialfonds: Outsourcing of portfolio management is widespread Fund companies had a total of EUR 4,289 billion AuM for investors in Germany as at 31 March 2024, an increase of nine per cent in the last twelve months (31 March 2023: EUR 3,922 billion). This means that assets are only slightly below the all-time high of EUR 4,311 billion at the end of 2021. The majority, at EUR 2,125 billion, is attributable to open-ended Spezialfonds for institutional investors. These are primarily retirement benefit schemes (EUR 748 billion) and insurance companies (EUR 543 billion). The fund companies manage EUR 1,459 billion in open-ended retail funds. Equity funds account for EUR 680 billion of this total. Their share has risen from 36 to 47 per cent in the last five years, mainly due to the rise in stock prices. Next come balanced funds with EUR 350 billion and bond funds with EUR 217 billion. Their share fell from 28 to 24 per cent and 20 to 15 per cent respectively. The net assets of property funds totalled EUR 129 billion. In the first quarter of 2024, the fund industry received a net inflow of EUR 21.7 billion in Germany. Open-ended Spezialfonds accounted for EUR 9.5 billion of this. Open-ended retail funds attracted EUR 3.8 billion. This is above the average value for the quarters in 2023 (EUR 3.2 billion). For further information, please see the press release: ▶ https://lnkd.in/ec7qJa56 Peggy Steffen Christiane Lang Frank Bock Volker Weber Magdalena Kuper Kai Schulze Yvonne Schulz Sebastian Oys Christian Anger Moritz Bartsch Rudolf Siebel Felix Ertl Daniel Mettlach Marius Seibert Jenny Seydel Marc Bubeck Sebastian Krämer- Bach Klaus Papenbrock Dr. Sinan York Temelli Cvetelina Todorova Jasmine Carolin Schimke #share #funds #bonds

32

In our latest WirtschaftsWoche series, our member Claus Born, CFA, delves into why emerging markets should not be underestimated as an investment alternative. Don't miss his insightful analysis on the potential opportunities these markets offer! #WiWo #Finance #Investment #EmergingMarkets

7

Deutsche Beteiligungs AG (DBAG) completed an issue of €100m senior unsecured convertible bonds on 28 June, with proceeds to be used for co-investments alongside DBAG and ELF Capital funds, and for general corporate purposes. The bonds will bear interest at a fixed rate of 5.5% pa and mature in 2030. They are convertible into up to c 3.25m of new and/or existing DBAG shares, which is the equivalent of 17.3% of the currently outstanding number of shares. Edison Group #responsibleinvesting #sustainablegrowth #longterminvesting https://lnkd.in/diBmczMt

4

13.06.2024 - Investoren Plattform News: Private Debt Distressed debt soars at PE portfolio companies Distressed debt levels at private equity-owned companies have surged amid persistent high interest rates, with the amount owed by portfolio companies of the world’s 50 largest PE firms up 18% since mid-March to $42.7bn, according to a report by Bloomberg citing rankings from Private Equity International. und mehr als 7.900 weitere Artikel finden Sie unter:  https://lnkd.in/eYzxGH5k

1

Coming soon... #MISSIONIMMOBILIE #Immobilien #wirhelfeneuch #Finanzierung #Finanzen #Funding #Investition #StartUpFinanzierung #BusinessAngel #Kredit #Darlehen #Geldanlage #Kapital #Fördermittel #Banking #Finanzberatung #Finanzmarkt #baufi4you #Eigenheim #Anschlussfinanzierung #Gewerbefinanzierung #Kreditberatung

5

Andreas Hellmann, Partner at LGT Capital Partners, spoke to IPE DACH about the “adolescence” of the private equity industry. According to Andreas, the asset class has left the niche, as today it is part of almost every institutional portfolio. He finds it particularly remarkable that all parties involved in a private equity investment typically align their forces to drive positive change. Andreas believes that the realization of such long-term plans for a company, which are more difficult to realize in the public stock market, makes the asset class so interesting for institutional investors.   Read more here (article in German): https://lnkd.in/gEt3PvDQ   #lgtcapitalpartners #lgtcp #privatemarkets #privateequity #institutionalinvestors

98

Real-Time Control: SwissComply Takes the Next Step: SwissComply is expanding its control offerings for asset managers. The company is also responding to the regulations of the Swiss Financial Market Supervisory Authority (Finma). #swisscompy #RealTimeInvestmentControlling

1

Thrilled to be featured in #Handelsblatt discussing the state of the Asset Management industry. It's a challenging time for Asset Managers, and here are a few reasons why: - While AuM are up 12% after a turbulent 2022, the industry’s profit pool is down 8%. - Flows are either seeking lower margin products or specialized alternative asset classes. - New clients (e.g., Gen Z) are not that easy to capture for traditional asset managers. I’m curious to hear your thoughts on these developments! What do you think the future holds for our industry? #assetmanagement #mutualfunds #innovation

105

1 Kommentar

Swiss investors, looking to diversify their portfolios, take note! 📈 📰 Explore the latest publication of cash.ch, shedding light on the different nuances of withholding tax in Europe. Gain a deeper understanding and unravel the complexities of investing in foreign stock markets. Roman von der Höh and Manuel Boeck analysed the overall intricacies of reclaiming withholding tax and unveiled the most appealing opportunities for Swiss individual portfolios. Don't miss this chance to refine your investment strategy and stay ahead of the game. Read the full article here ⬇️ #RAQUEST #Cash #withholdingtax #Swiss #dividends #Quellensteueratlas

8

ICYMI: Speedinvest was granted a full AIFM licence by FMA Finanzmarktaufsicht Österreich. 😎 🙏 Another milestone on our journey of pioneering VC in Austria🇦🇹: 🔸 2011 first VC fund launched in a decade (AuM 10m) 🔸 2015 first EuVECA fund (AuM 100m) 🔸 2024 first VC fund with AIFM licence (AuM 1b) A big step in our efforts of further professionalizing VC in Austria: There are only 22 other domestic firms with such a licence and we are the only VC in this group. This puts us on the same level with firms such as Allianz Invest, Erste Asset Management GmbH, Gutmann KAG, IQAM Invest GmbH, KEPLER-FONDS Kapitalanlagegesellschaft m.b.H., Lansdowne Partners, LLB Invest KAG, Raiffeisen KAG, Schoellerbank Invest AG, 3 Banken-Generali Investment-Gesellschaft m.b.H. invest.austria Invest Europe Industriellenvereinigung #venturecapital #risikokapital

433

40 Kommentare

📈 The rapid increase in #InterestRates is just one of many challenges for CFOs. Actively using all tools available to manage #CostOfCapital will be required for the upcoming refinancings. According to our latest study by our Partners Dr. Matthias Holzamer and Markus Held, tools which can be used in the current #financing context are plentiful and can be adapted to the specific challenges of companies. 💡 Read our latest study to find out what CFOs can do to manage #CapitalCosts in this situation: ➡️ https://lnkd.in/dXy_nHEg #RolandBerger

73

📝New SAFE White Paper No. 102 "The Geopolitical Case for CMU and Two Different Pathways Toward Capital Market Integration" by Florian Heider, Jan Krahnen, Katja Langenbucher, Vincent Rouven Lindner, Jonas Schlegel, and Tobias Tröger. A decade post-CMU launch, progress is still slow. The authors argue for the CMU's geopolitical necessity and propose solutions within the EU framework. 🇪🇺 As Charles Michel, President of the EU Council, asserted in his speech for the 20th anniversary of the EU East Enlargement: "We must build a strong and more competitive economy. [...] Competitiveness and a true Capital Markets Union - this must be the first task of the next European Commission." 👉Read the full paper here: https://lnkd.in/e8rdhayB #CMU #EU

22

1 Kommentar

How does macro-financial related stress affect the valuation of listed private equity (LPE) companies compared to global equities?   The study "Cycles in Private Equity Markets" by Michel Degosciu, Karl Schmedders, and Maximilian Werner analyzes three decades of return data from listed private equity (LPE) companies. The findings show that LPE has generated higher average returns compared to a global equity index, albeit with higher volatility. Since the 2008 financial crisis, LPE companies have generally traded at a discount to their book values. This discount is strongly negatively correlated with an indicator of macro-financial stress, indicating that periods of economic uncertainty often led to the undervaluation of LPE. The authors suggest that this could present opportunities for savvy investors, as macro-financial stress can result in a structural underestimation of LPE stocks.   https://lnkd.in/dSw4D4sc #UZH #EMBA #ExecutiveEducation #ExecutiveMBA #LPE #Capco Universität Zürich OEC ALUMNI UZH UZH Faculty of Business, Economics and Informatics UZH Alumni Executive Education Universität Zürich Capco

31

1 Kommentar

In our latest WirtschaftsWoche series, our member Tobias Ripka, CFA addresses the question of whether investors can benefit from high cash holdings now. #WiWo #Finance #CashInvesting #InterestRates

5

I was absolutely surprised of that book, and feel really honoured and even moved to see, that so many of my friends from many years of cooperation, all real experts in the field of real estate law, contributed to a book with really profound articles all worth reading. Much of the content is in English, so look in! These Volumes 56 and 57 have been published in the vdp publication series. They are entitled “Vom Hypothekenbankgesetz zur Covered Bond Richtlinie” and “Entwicklung und Stand des Realkredits in Europa” respectively and show the origins and development of Pfandbrief law in Germany and Austria. They also deal with dogmatic questions of real estate and civil law in various countries and current issues relating to Pfandbrief cover eligibility. The works represent an interim status of the international projects “Round Table Grundpfandrechte” and “Round Table Covered Bonds” initiated by the vdp.   The authors of the texts in both volumes are the members of the Round Table on Security Rights over Real Property. The publications are dedicated to the former vdp Managing Director Dr. Otmar Stöcker and myself, Andreas Luckow. While Dr. Stöcker retired at the end of April, I'll be leaving the association on May 31 - also due to retirement.   Link to From the Mortgage Bank Act to the Covered Bond Directive (Vol. 56): https://atvdp.de/cf Link to Development and Status of Real Estate Lending in Europe (Vol. 57): https://atvdp.de/ce

36

6 Kommentare