mast image

Special Report

Impact investing

Sections

Metzler becomes first asset manager to launch German Pensionsfonds

Related images

  • Frankfurt, Germany

Related Categories

Metzler Asset Management has confirmed that German regulator BaFin has given it the go-ahead to launch a multi-employer Pensionsfonds.

The fund is the first in Germany to be launched by an asset management company, a subsidiary of Metzler private bank.

The other 30 Pensionsfonds currently operating in the country have been set up as company-specific schemes, as multi-employer plans by insurers or, in once case, by a consultancy (Towers Watson).

Metzler’s fund, which will be open to all industries and businesses, started business on 1 August.

<

Christian Remke, head of Metzler Pension Management and chairman of the Metzler Pensionsfonds, told IPE: “Analysing companies’ demands, we saw most of the existing third-party Pensionsfonds were not meeting their criteria, or they were too inflexible.”

He cited a number of differences in various company pension schemes, with different rates that have to be adjusted to a single rate in the Pensionsfonds.

Remke said Metzler had opened the possibility to “take on all schemes” with the help of “special rates”.

Metzler AM declined to name any clients it might already have won for its Pensionsfonds, nor would it reveal its investment strategy.

The Pensionsfonds was set up as “non-insurance” vehicle – i.e. without issuing guarantees – to “give the Pensionsfonds and the plan sponsors full flexibility in financing and investing”.

Metzler AM started to build its pension business 12 years ago, when it was also the first provider to launch a multi-employer CTA.

For its Pensionsfonds, the asset manager is working with Global RWE Services as administrator.

Global RWE Services also handles administration for Germany’s largest Pensionsfonds, the €7bn pension plan of energy company RWE.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<