mast image

Special Report

Impact investing

Sections

MEAG nabs €100m Protektor mandate

GERMANY - Protektor, the administrator of a new insolvency fund for life insurers and Pensionskassen, has awarded German asset manager MEAG with a €100m mandate for undisclosed investment services.

MEAG said Protektor was unwilling to disclose the nature of its mandate.

The new insolvency fund was set up last spring by Germany's insurance industry. Protektor, itself a Mannheim-based life insurer, is its administrator. By 2009, Protektor expects the fund to have €500m in assets.

Beyond life insurers, so-called ‘de-regulated' Pensionskassen may join the insolvency fund on a voluntary basis. De-regulated Pensionskassen are schemes that do not serve single companies but instead compete for pension business in all industries.

Unlike other German pension funds, de-regulated Pensionskassen are not insured against insolvency via the Pensions-Sicherungs-Verein (PSV) or, in the case of ‘regulated' Pensionskassen, the companies they are tied to.

For MEAG, the mandate is further evidence that its strategy of chasing third-party business is working.

MEAG's traditional role is managing the insurance assets of its parent Munich Re. Yet three years ago, it began bidding for third-party business, particularly from small insurers and pension funds whom it sees as its core clients.

Including this mandate, MEAG's third-party assets under management have exceeded €3bn. All told, the asset manager has €175bn under management, €14bn of which are in real estate.

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
<