DGAP-News: Altira Group expands commodities team ++ Dr. Torsten Dennin joins portfolio management team at VCH Expert Natural Resources ++ Rising demand by institutional investors
(firmenpresse) - Altira AG / Miscellaneous
26.07.2010 08:50
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The Altira Group is continuing to move ahead with the expansion of its
Renewable Energies and Natural Resources business area. Since 1 July 2010,
Dr. Torsten Dennin, previously a portfolio manager with Deutsche Bank, has
reinforced the Group's Natural Resources team. In particular, he brings his
commodities derivatives expertise to the team, complementing the work of
the Group's commodities shares specialist Ute Speidel. Together with
Speidel, he co-manages the VCH Expert Natural Resources fund (WKN: A0BL7N).
With this new hire, Altira Group is also responding to institutional
investors' increasing demand for customised investment solutions in the
commodities area. The Group's Natural Resources team is presently managing
assets of EUR 110 million. The team's investment strategy is based on
identifying commodities for which there is a prevailing structural
scarcity, irrespective of short-term market fluctuations. In selecting
these commodities or appropriate equities, the Altira Group utilises its
in-house analyses and independent assessments of commodities prices.
Between 2003 and 2010, Dr. Torsten Dennin was a portfolio manager in the
Private Wealth Management area at Deutsche Bank, where he was responsible
for investment decisions at two commodities funds and for analysing
international commodities markets and equities in the basic resources
sector. As part of his work, Dr. Dennin played a major role in commodities
asset class investment decisions in the Private Wealth Management area. He
studied economics at the University of Cologne and at Pennsylvania State
University. He completed his doctoral degree in 2008, writing on
'Collateralised Commodities Futures in Asset Management'.
Altira Group CEO Michael Rieder comments: 'With Dr. Torsten Dennin, we are
bringing on board a well-known expert with many years of experience in
managing commodities products. In particular, this will enable us to offer
our institutional clients even more comprehensive investment solutions in
the commodities area. At the same time, this addition to our team is
further proof of our firm's attractiveness as an employer to experienced
professionals. The combination of complete freedom in investment decisions
and a reliable institutional infrastructure is highly appealing to
top-flight staff members, as our hiring of Ute Speidel has already shown.'
++ About Altira Group
The Altira Group is an owner-managed, listed asset management company
focussing on alternative investment strategies for institutional and
private investors. It concentrates on both established as well as newly
developing, future-oriented growth markets within its core areas:
__ German 'Mittelstand'&Restructuring
__ Renewable Energies&Natural Resources
__ Africa
Contact:
Altira Aktiengesellschaft
Olaf Meier
Head of Investor Relations
Phone: +49 69 719 12 80 123
E-Mail: olaf.meier(at)altira-group.de
26.07.2010 08:50 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Altira AG
Grüneburgweg 18
60322 Frankfurt / Main
Deutschland
Phone: +49 (0)69 719 12 80 - 00
Fax: +49 (0)69 719 12 80 - 011
E-mail: info(at)altira-group.de
Internet: www.altira-group.de
ISIN: DE0001218063
WKN: 121806
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard
in Frankfurt
End of News DGAP News-Service
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Datum: 26.07.2010 - 08:50 Uhr
Sprache: Deutsch
News-ID 24386
Anzahl Zeichen: 0
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Kategorie:
Business News
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