DGAP-News: Altira Group founds Altira Advisory GmbH ++ An incubator for investment teams, a partner to institutional investors ++ Managed by new hire Oliver Brandt and Altira Group CEO Michael Rieder
(firmenpresse) - Altira AG / Miscellaneous
02.08.2010 08:36
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With the creation of Altira Advisory GmbH, the Altira Group is looking to
further extend its position as a link connecting specialised investment
boutiques, on the one hand, and institutional investors in search of
suitable alternative investment solutions, on the other. Managing the newly
founded company, in addition to Michael Rieder, CEO of the Altira Group,
will be Oliver Brandt, who joined Altira on 1 July 2010.
Institutional investors are increasingly seeking alternative investment
solutions. In the interests of quality risk management, however, they are
also demanding the maximum degree of transparency, personal service and a
regular exchange of information. Specialised boutiques, often particularly
successful with alternative asset classes, are however generally unable to
meet such demands. Thus, what they need is not just effective distribution
of their products - as offered by traditional placement agents - but also
'seed capital' and the institutional infrastructure for the set-up and
ongoing investor support. The Altira Group takes on the role of an
incubator for these investment teams, thereby giving institutional
investors access to alternative investments on the basis of reliable
structures. Using this approach, in 2009 the Altira Group was able to
design a Turnaround Private Equity fund-of-funds and implement it with
institutional customers and a volume of about EUR 100 million. A comparable
project is currently in preparation with a team from the Natural Resources
area.
Altira Advisory GmbH's new managing director, Oliver Brandt, brings to this
process his multi-year experience in institutional business. Most recently,
from 2007 to 2010, he was managing director of BayernInvest, where he was
responsible for client support, acquisition and marketing. His prior
experience included a position, from 2005 to 2007, directing the Marketing&Sales division as Head of Sales at Union PanAgora Asset Management. In
the period between 2001 and 2005, he worked at Invesco Asset Management,
where he was the head of institutional business acquisition.
Michael Rieder, CEO of the Altira Group, observes: 'Institutional investors
have had many discussions with us in which they expressed a wish for
attractive alternative investment solutions. On the other hand,
specialised, highly productive investment teams are increasingly looking to
form a partnership with our company because of our institutional
infrastructure. Hence, our aim is to use Altira Advisory GmbH to bring
investors together with specialised alternative investment teams. This is
beneficial to both sides. Whereas the investment teams have complete
independence in their investment decisions, accompanied by access to the
advantages of our institutional infrastructure, the product solution and
the service are made compatible with the requirements of institutional
investors. The hiring of well-known experts like Ute Speidel and Torsten
Dennin for our Natural Resources team is unambiguous proof of the success
ofthis approach. Together with Oliver Brandt, who is a valued contact
person for institutional investors, we are now seeking to build on these
successes.'
++ 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
02.08.2010 08:36 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: 02.08.2010 - 08:36 Uhr
Sprache: Deutsch
News-ID 31857
Anzahl Zeichen: 0
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Kategorie:
Business News
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