Thomas Romig, formerly head of one of the largest multi-asset businesses in Germany at Union Investment, recently launched a multi-asset fund at his new employer Assenagon AM. Even though his new fund is focused on capital preservation, he included the Legg Mason Clearbridge US Aggressive Growth Fund in his portfolio.
Tag: Assenagon
Interest in M&A funds fades though takeovers reach all-time high
The record number of mergers and acquisition deals announced in 2015 hasn’t led to a sustained interest in merger arbitrage funds. Ucits-regulated M&A funds fell out of grace in the final months of the year, as they significantly underperformed their offshore peers.
German gatekeepers focus on fund performance
German gatekeepers concentrate on performance rather than the investment philosophy of a fund to determine whether it is eligible for their white list, according to research by investment consultancy NMG.
