Company

  • ansa capital management is an investment boutique. Owner-managed, self-invested and independent.

    We focus on developing and implementing global total return and absolute return strategies on a quantitative basis. Global Macro is our passion.

    For us, total return means taking responsibility for the performance and risk of a portfolio independent of a benchmark. Our absolute return strategies focus on fixed risk targets and the achievement of market-independent returns.

    Building on the scientific knowledge of the last 50 years and curiosity about new methods in modern portfolio management, we implement investment decisions in a disciplined manner. Traceable causalities and active risk management are indispensable for us. Binding rules are important for this. The success driver of all strategies is a stringent investment process.

    At ansa capital management you will find young professionals and very experienced portfolio managers in a special symbiosis. We are characterized by a high professional standard in everything we do. We appreciate the special working environment of a focused investment boutique. We all share passion for capital markets and quantitative models.

    We take time for dialogue and are personal contacts and knowledge providers for our investors.

     

  • Support and leadership from senior investment professionals with diverse skills and experience

    hilgert

    Heinz Hilgert – chairman

    Heinz Hilgert is Principal of TransVise GmbH. TransVise was founded by him in 2009 and acts as an international Business Consultat and Senior Advisor and supports clients  in designing and executing marketing strategies in the German financial industry covering a broad range of topics. He previously held positions as Deputy CEO of DZ Bank AG and as CEO of WestLB AG. During this time he fulfilled a variety of supervisory board mandates, inter alia, in the Union Asset Management Holding AG, the R + V Insurance AG and the Team Bank. He currently accompanies the Data Group AG in this function and is Chairman of GFKL Lowell group.

    mayer

    Norbert-Otto Mayer

    Since joining the BMW Group Norbert-Otto Mayer has held a number of senior
 positions and has managed a wide range of business activities in financial market risk management, including cash management and currency risk. In 2010 Mr. Mayer was appointed Senior Vice President Finance and Group Treasurer, overseeing Corporate Finance, Asset Management, Pensions, Investor Relations and Treasury Centres in Asia Pacific, the US and Europe. In total his asset management responsibility amounts to approx. € 20 Bn. Before joinging the BMW Group in 1984 he worked for Bayerische Vereinsbank and Dresdner Bank.

    Jürgen Olbermann

    Jürgen Olbermann was for 20 years responsible as managing director in various FERI companies for the institutional client business of the asset management group. Since 2010 he has been a member of the Supervisory Board of the Inter Insurance Group in Mannheim. Prior to joining FERI, he worked for 10 years as Managing Director and Supervisory Board member (EI Euroinvest) at LGT Germany Group.

Total Return

  • Investment Approach:

    We follow a long-term systematic global macro strategy. The investment universe consists of global equities (0-100%), global government bonds (0-200%), commodities (0-30%) and currencies (-20% to +20%). Investment in each market is made with listed equity and government bond futures and ETCs. Asset allocation is derived from the macroeconomic environment via a quantitative model and is complemented by active risk management. The adaptive target risk approach controls the investment level without changing the optimal asset allocation.

    Investment Objective:

    The fund employs a total return strategy with the objective to generate a long-term high appreciation in Euro taking into account the investment risk. Its global macro strategy uses quantitative methods to diversify across all key global equities, bond and commodities markets, while taking their individual risk contributions into account. The active management of the strategy is based only on the investment objectives and is not constrained by a benchmark.

    www.ansa-derfonds.de – the fund concept explained interactively in 10 steps

    Opportunities

    • Achievement of constant capital growth with controlled risk in both falling and rising market rates in the major global asset classes: Equities, bonds, commodities and currencies
    • Uncorrelated source of return compared to traditional investment opportunities but also other absolute return strategies
    • Built on proprietary scientific research in the field of factor investing
    • Exclusive and clear process with professional risk management

    Risks

    • General market price risk – the fund is exposed to fluctuations in the value of global equity, bond, currency and commodity markets
    • Theoretical maximum loss of 10% per calendar year
    • Specific liquidity risks

    General Information

    Category Global Macro/Multi-Asset
    Fund Administrator Hauck & Aufhäuser Investment Gesellschaft S.A.
    Portfolio Manager ansa capital management GmbH
    Custodian Bank Hauck & Aufhäuser Privatbankiers KGaA, Niederlassung Luxembourg
    Fiscal Year 31.12.
    Fund Currency EUR
    Fund Administratior Fee up to 0.18%
    Custodian Bank Fee 0,06% p.a.
    Performance Fee 20% rel. to  Euribor + 300 bps p.a.
    Public Distribution Lux, Ge

    Share Class P

    ISIN/WKN LU0995674651 / A1W86R
    Bloomberg ticker ANGQOPP LX
    Inception Date 31.03.2014
    Distribution Policy distributing
    Portfolio Management Fee 1,35% p.a
    Front-end Load up to 5%
    Minimum Investment 25.000 EUR

     

    Share Class I

    ISIN/WKN LU1091585262 / A11830
    Bloomberg ticker ANGQIAE LX
    Inception Date 30.09.2014
    Distribution Policy accumulating
    Portfolio Management Fee 0,85% p.a
    Front-end Load 0%
    Minimum Investment 1.000.000 Mio. €

    source: Fund Administrator

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  • Investmentansatz:

    Für die ansa – global Q protect Spezialfondsmandate verfolgen wir eine systematische globale Makro Strategie in Kombination mit einer individuellen maximalen Verlustuntergrenze pro Kalenderjahr.  Das Investmentuniversum besteht aus globalen Aktien, globalen Staatsanleihen, Rohstoffen und Währungen. Die Investition in die einzelnen Märkte erfolgt mit börsennotierten Aktien- und Staatsanleihenfutures, ETFs sowie ETCs. Die Asset-Allokation leitet sich über ein quantitatives Modell aus dem makroökonomischen Umfeld ab und wird durch ein aktives Risikomanagement ergänzt. Investoren legen das Risikobudget individuell aktiv fest. Adaptive Target-Risk Management sichert die Einhaltung der Verlustuntergrenze und steuert den Investitionsgrad ohne die optimale Asset Allokation zu verändern. Ein Spezialfondsmandat starte ab 25 Mio. €.

    Anlageziel:

    Der Fonds ist als Total Return Strategie konzipiert. Darunter verstehen wir die Übernahme der Verantwortung für ein benchmarkfreies Portfolio. Die Spezialfonds-Strategie hat das Ziel, unter Berücksichtigung des individuellen Risikobudgets, langfristig einen möglichst hohen Wertzuwachs zu erzielen und die maximalen Verlustuntergrenzen einzuhalten.

    Hier können Sie uns unverbindlich eine Mandatsanfrage zu den für Sie interessanten Fondskonfigurationen senden. Wir werden unverzüglich Kontakt mit Ihnen aufnehmen.

      Ich bin an folgenden Fondskonfigurationen interessiert:

    Absolute Return

    • Investment approach

      For ansa – global Q absolute alpha, we pursue a short-term systematic global macro strategy. Specifically, we combine known factors in an innovative way to take directional long and short positions in more than 50 of the most liquid global derivatives markets. The overall investment universe spans the asset classes of equities, bonds, commodities and currencies.

      Investment Objective:

      The fund is designed as an absolute return strategy. By this we mean an uncorrelated source of return compared to traditional liquid asset classes, but also compared to other hedge fund strategies. A unique feature is the stringent risk management, through which we create an asymmetric payoff profile while limiting the maximum loss to 10% per calendar year. The target return is 10 – 15% p.a.. Volatility will be around the same level.

      Opportunities

      • Achievement of constant capital growth with controlled risk in both falling and rising market rates in the major global asset classes: Equities, bonds, commodities and currencies
      • Uncorrelated source of return compared to traditional investment opportunities but also other absolute return strategies
      • Built on proprietary scientific research in the field of factor investing
      • Exclusive and clear process with professional risk management

      Risks

      • General market price risk – the fund is exposed to fluctuations in the value of global equity, bond, currency and commodity markets
      • Theoretical maximum loss of 10% per calendar year
      • Specific liquidity risks

      General

      Category Global Macro Hedgefonds
      Fund structure FCP-RAIF
      Management Company FundRock Management Company S.A.
      Fund Manager ansa capital management GmbH
      Administrator Apex Fund Services S.A.
      Custodian European Depositary Bank SA
      Financial year 31. Dec
      Fund currency EUR
      Management fee up to 0.04% p.a.
      Administrator fee up to 0.07% p.a.
      Custodian fee up to 0.05% p.a.
      Global distributor ansa capital management GmbH
      Distribution approval D,LUX
      Eligible counterparties professional investors

      Share class A

      ISIN LU2309347891
      Launch 26.05.2021
      Utilization of returns accumulating
      Portfolio Manager’s remuneration up to 0.40% p.a.
      Performance Fee 15%
      Min. Investment EUR 125.000

    Team

    • sauer

      Dr. Andreas Sauer, CFA
      Principal

      For 25 years, he has dedicated himself to researching and developing quantitative asset management methods and putting them into practice for the benefit of institutional investors.

      His doctoral thesis at Karlsruhe University (TU) addressed this topic early on. In 1999, he was one of the co-founders and partners of what is today Quoniam Asset Management, and as CEO and CIO he turned it into the most successful investment boutique in Germany in the space of 13 years. When he stepped down in December 2012, the company had approximately EUR 18 billion in funds under management for global institutional investors. All global equities, bonds and asset allocation mandates were managed exclusively using proprietary quantitative strategies.

      With ansa capital management, Andreas is taking his experience, insights and knowledge – with all their related successes and challenges – into new territory.

      It was the economic developments of the past few years that first drew his attention to the interaction between macroeconomic factors and the capital markets. Andreas is convinced that successful asset allocation in the future must start with an analysis of these interdependencies. The idea for a total return investment strategy was born of this realization, coupled with his knowledge of quantitative methods. This is exactly how he aims to approach asset management at ansa.

      For him, ansa capital management is a business that reflects his convictions, where he can operate without constraints and in total alignment with clients’ interests.

      He teaches  “Asset Management” at University of Mannheim.

    • Dr. Daniel Linzmeier
      Managing Partner

      For more than a decade Daniel has dedicated his work to quantitative research of equities as well as several approaches for portfolio construction.

      Besides his business mathematics studies at the University of Trier he worked at the Private Banking department of the DZ Privatbank S.A. in Luxembourg. There he applied his knowledge as Portfoliomanager after his graduation. He did his PhD studies at the WHU – Otto Beisheim School of Management in Vallendar on “Alpha, Downside Risk and Portfolio Construction – Efficient Implementation in Quantitative Strategies”. In February 2008 he started as Portfoliomanager Equites at today’s Quoniam Asset Management. Daniel was in charge of several institutional clients’ accounts (approx. EUR 2bn AuM) within the Equities & Asset Allocation department.

      For Daniel ansa capital management represents the challenge to bring in his quantitative skills. He considers systematic macro a superior investment approach in almost any capital market environment.

    • Dr. Nils Unger
      Partner

      For more than 10 years Nils has dedicated his work to analyzing risk and return profiles of quantitative trading strategies in international capital markets.

      He graduated from the University of Cologne in business mathematics with the focus on statistics and computational finance. During his Phd. studies at the Karlsruher Institute of Technology he gained profound experience in fixed income markets, portfolio and risk management approaches and did research about identifying risk premia in various asset classes. After finishing his Phd. thesis he worked as a quantitative analyst in the security division of Goldman Sachs in London.

      ansa capital management provides him the opportunity to apply his experience in quantitative methods and active portfolio management strategies in a small, highly professional environment with specific expert knowledge and short decision-making channels.

    • Sabine Riede-Sauer
      Partner

      Sabine worked at SAP AG in software development for the area of HR-Time Management and Personnel Administration after her business studies. In this environment, she later worked for many years as a freelance business consultant.

      With the founding of ansa she took on duties and responsibilities in the areas of personnel, marketing and administration.

    • Dr. Florian Bardong
      Associate Director

      Florian has more than 14 years of experience in quantitative asset management.

      He studied international business Studies in Maastricht, NL, and Berkeley, USA. After completing his PhD in Finance & Accounting at the University of Lancaster, UK, he joined the fixed-income team of Barclays Global Investors (BGI), London, in 2007, which was taken over by BlackRock in 2009. During this time, he and his team developed quantitative investment strategies for a variety of asset classes and markets, which were implemented in total return or hedge funds. He deepened his experience as a quantitative multi-asset investor at Citadel, London, and by founding his own hedge fund. He shared his experience with quantitative asset managers through his simultaneous work as a management consultant.

      For him, being part of the ansa capital management team means finding systematic and empirically validated solutions for our clients’ investment problems in a professional environment with experienced colleagues.

    • Prof. Dr. Demir Bektić
      Director Absolute Return

      Demir has been devoted to systematic active investment strategies for more than 10 years. His exclusive focus is on liquid absolute return approaches.

      Besides his studies of Business Informatics at the University of Mannheim he gained practical experience in the areas of Multi-Asset and Managed Futures/CTA. As part of his doctorate on factor-based investment strategies at the Technical University of Darmstadt, he was also a visiting scholar at the University of Chicago Booth School of Business.

      After further positions in Portfolio Management & Trading Absolute Return and as Portfolio Manager Global Macro, he was most recently Executive Director and Head of Quant Fixed Income at Deka Investment. Together with his team he was responsible for approximately 10 billion euros. He was also Managing Director of the Institute for Quantitative Capital Market Research at the DekaBank.

      Demir is Adjunct Professor for Hedge Fund Management at the International University of Monaco. He was also a visiting professor at the University of Miami. He regularly presents his research at international conferences and received the Bernstein Fabozzi / Jacobs Levy Outstanding Article Award 2019 for a publication on factor investing.

      For him, ansa capital management means the fulfillment of his life’s dream: the unrestricted implementation of a systematic absolute return strategy in a partnership-based corporate culture of a quant boutique.

    • Jakob Crasemann
      Director Client Relations

      Jakob Crasemann has more than ten years of experience working in B2B sales covering a variety of asset management products and strategies, such as total return, or structured products.

      While studying business administration, he worked at the same time as Senior Sales Manager at DekaBank and DZ BANK AG. During this time, he was the first point of contact in the securities business for bank controls and private banking units on a national level. His focus was also on communicating fund development, sales implementation and advising decision-makers in the securities business.

      For him, ansa capital management means focusing on quantitative macro strategies in a highly professional and motivated environment. His aim is to communicate the systematic investment process and the resulting fund development to our clients in a transparent and effective way.

    • David Grünmayer
      Director Client Relations

      David Grünmayer has worked closely with portfolio management teams for more than 10 years. Before and after completing his MBA at the Frankfurt School of Finance and Management, he worked as Sales Director for a major German investment company, advising banks, private banking managers and institutional clients on active and quantitative fund models. In addition to communicating fund development and fund policy, his focus was on fund consulting, fund sales and customer communication.

      For him, ansa capital management means the best possible environment and implementation of a multi-asset strategy with a full focus on one fund. Working closely with portfolio management gives him the opportunity to pass on fund developments to clients with maximum transparency and to develop the right images and words in communication.

    • Dr. Alexandr Pekelis
      Portfolio Manager

      Dr. Alexandr Pekelis completed his bachelor’s degree in economics at the University of Mannheim, where he studied the role of macroeconomic factors in empirical capital market models. As part of his master’s degree in Finance & Investments at the Rotterdam School of Management, he specialized in econometric models to describe dynamic dependencies in international capital markets. As part of his work as a research associate at the University of Mannheim, he recently dealt with quantitative methods for investment and risk management. In his dissertation, he theoretically examined different objective functions for the construction of dynamic value-preservation strategies and analyzed them on the basis of market data.

      In addition to the objectivity and independence of the investment strategy, he particularly appreciates ansa’s professionalism and academic working environment within the investment boutique.

    • Anian Roppel
      Portfolio Manager

      Anian Roppel holds a Bachelor’s degree in Business Administration from the University of Münster and a Master’s degree in Financial Markets from EDHEC Business School in Nice. As part of his master’s thesis, he researched econometric models for identifying macroeconomic influences on interest rate markets.

      Parallel to working at ansa, Anian is doing his doctorate at the Karlsruhe Institute of Technology.

      For him, ansa capital management means the opportunity to combine academic research and applied portfolio management within a highly specialized and experienced team of experts.

    • Maximilian Sauer
      Portfolio Manager

      Maximilian received his Master’s degree in “Economics and Finance” from the University of Cambridge and previously studied at Boston University, Zeppelin University in Friedrichshafen and Columbia University in New York as part of his academic education. He is particularly interested in modern machine learning approaches to asset management. In his master thesis he combined machine learning, macro-nowcasting and stock sector rotation to a comprehensive active investment strategy. The thesis was awarded with “Distinction”.

      In addition to his position at ansa, Maximilian Sauer is a student in the Ph.d program of EDHEC Business School, Nice and London.

      To him, ansa capital management means state-of-the-art investment strategies build from thorough discussions and genuine entrepreneurial spirit.

    • Nicole Stigler
      Corporate Administration

      Nicole is a certified management assistant with focus on business administration. She has many years of experience in all administrative areas and in project management.

      Nicole’s employers include Merrill Lynch, Credit Suisse Asset Management, and Allianz Global Investors. The last six years before joining ansa, she was assistant to the executive board of a medium-sized company in the pharmaceutical sector.

      Nicole is responsible for all administrative duties as well as compliance.

      She likes about ansa capital management that she can use her broad experience to work on demanding tasks to the highest professional standards.

    Contact

    ansa capital management GmbH
    Hochstraße 2
    64625 Bensheim
    Germany

    phone +49 6251 85693-0

    info@ansa.de
    www.ansa.de