DGAP-News: Assenagon Credit Basis funds pass the 1 billion mark
(firmenpresse) - Assenagon Asset Management S.A., Zweigniederlassung München / Product Launch/Miscellaneous
19.08.2010 12:40
Dissemination of a Financial News, transmitted by
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Within a period of 14 months, Assenagon Asset Management S.A. has already
collected EUR 1 billion with its two bond funds Assenagon Credit Basis and
Assenagon Credit Basis II. Assenagon Credit Basis, which was launched in
April 2009 and closed to new investments in August 2009 to avoid yield
dilution, holds EUR 400 million of this amount. Assenagon Credit Basis II
was launched in January 2010 and has since recorded a good EUR 600 million
in inflows. Like its predecessor, Credit Basis II exploits imbalances on
the capital markets, and enables private and institutional investors to
profit from these. However, the fund management of Assenagon Credit Basis
II has a wider range of investment instruments at its disposal. It can
invest in sovereign bonds, corporate bonds, convertible bonds, tradable
loans, asset backed securities and structured bonds.
According to fund managers Dr. Jochen Felsenheimer and Dr. Wolfgang
Klopfer, the current market environment continues to offer interesting
investment opportunities. 'Market distortions have further increased due to
problems at macro- and microeconomic level. Market-neutral basis strategies
benefit from such a market environment,' noted Felsenheimer.
About the fund management:
Dr. Jochen Felsenheimer is Co-Head of Credit at Assenagon. In this function
he is responsible for the development of this business division and manages
the funds of the Credit Basis series. The economist with a doctorate from
the LMU Munich is among the most renowned credit experts in Europe. Before
joining Assenagon in January 2009, he successfully chaired European and
Global Credit Strategy Research at Bayerische Hypo- und Vereinsbank AG
(UniCredit Group). He regularly presents papers at national and
international conferences and specialised congresses. He is the author of
several books and scientific articles on the above mentioned topics.
Dr. Wolfgang Klopfer is Co-Head of Credit at Assenagon, responsible for the
development of this business area. In addition, he manages the funds of the
Credit Basis series. Wolfgang Klopfer studied mathematics, physics and
computer science and holds a Ph.D. in Mathematics from the Technical
University of Munich. He is a specialist for trading activities in global
credit markets and has contributed his expertise and long-time investment
experience to Assenagon since January 2009. Before joining Assenagon, he
worked for eleven years in responsible positions at Bayerische Hypo- und
Vereinsbank AG (UniCredit Group), most recently as director of own-account
trading as well as the capital-market related credit business including
credit trading.
About Assenagon:
Assenagon is one of the fastest growing asset managers in Europe. Since the
formation in 2007, institutional investors have entrusted the company with
more than EUR 6 billion in assets. Assenagon's recipe for success is in
principle very simple, but nonetheless difficult to copy. It combines
experience, independence, profound risk sensitivity and innovative
strength. The partners and team members in Munich and Luxembourg has
seasoned experience in the finance sector. Through the company's
independence, it is bound to one single goal: The success of its
clients.
Sabine Hilgner
+49 89 519966-430
press(at)assenagon.com
19.08.2010 12:40 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Assenagon Asset Management S.A., Zweigniederlassung München
Theresienhöhe 13 a
80339 München
Deutschland
Internet: www.assenagon.com
End of News DGAP News-Service
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Datum: 19.08.2010 - 12:40 Uhr
Sprache: Deutsch
News-ID 32039
Anzahl Zeichen: 0
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Kategorie:
Business News
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