Altira AG / Miscellaneous
01.03.2010 10:47
Dissemination of a Corporate News, transmitted by
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++ Altira Group gains commodities expert Ute Speidel
++ Altira forms its own investment team in commodities field
++ Ute Speidel takes over management of VCH Expert Natural Resources
Altira AG ('Altira Group'), an asset management company focussed on
alternative investment strategies, has gained an experienced and successful
commodities manager with the appointment of Ute Speidel to form its
investment team in the commodities field. Beginning March 2010, Ute Speidel
is taking over the responsibility for commodities equity fund VCH Expert
Natural Resources (LU0184391075), for which Altira Group has until now
engaged the external advisory services of Mayr Investment Managers GmbH.
Altira Group will also soon be offering institutional investors customised
investment solutions in the commodities area.
VCH Expert Natural Resources, which will be managed by Ute Speidel starting
in March, currently has a volume of over EUR 110 million. With the change
of management, the fund will also revise its management approach. Instead
of investing in a portfolio of 26 possible, evenly weighted equities based
on a quantitative approach, the fund will adopt a fundamental strategy to
invest in a diversified portfolio of 30-50 promising individual stocks
benefiting from the structural scarcity of many commodities (e.g. oil, gas,
industrial metals, gold, coal, platinum and iron ore).
Ute Speidel is one of the most highly regarded commodities experts in
Germany. She has more than 20 years of experience in the commodities area,
and has acquired numerous distinctions at AGI and Cominvest, including the
Standard & Poor's AA-rating and Sauren gold medals for the energy and raw
materials funds she managed there.
Michael Rieder, CEO of the Altira Group, notes, 'Particularly in the area
of commodities, we see great potential to generate above-average returns
through the use of a distinct active management approach. The establishment
of an in-house investment team will sustainably strengthen our operations
in renewable energies and commodities. We are therefore delighted to
acquire the services of such a renowned and experienced expert. At the same
time, we would like to thank Mayr Investment Managers for its successful
collaboration in the management of VCH Expert Natural Resources.'
Ute Speidel further adds, 'Altira's combination of entrepreneurial freedom
on the investment side and its reliable institutional infrastructure offers
me an ideal environment for implementing an independent and focussed
investment strategy. In this way, we will strive for sustainable
above-average market returns. The fundamental data for commodities is in
any case positive. In particular, the solid demand from emerging countries
such as China and India combined with a structurally limited supply of many
raw materials and the long response time required to expand production
capacities should continue to provide crucial momentum for commodity
shares.'
++ About Altira Group
The Altira Group is an owner-managed, listed asset management company that
focuses on alternative investment strategies for institutional and private
investors. The Altira Group focuses on both established and newly
developing growth markets. The specialised knowledge and many years of
experience of the Altira Group's investment teams allows them to apply an
active investment approach ('high alpha strategies') to achieve sustainable
above-average returns in these markets.
Contact:
Altira Aktiengesellschaft
Olaf Meier
Head of Investor Relations
Phone: +49 69 719 12 80 123
E-Mail: olaf.meier@altira-group.de
01.03.2010 10:47 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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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@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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DGAP-News: Altira Group gains commodities expert Ute Speidel - Altira forms its own investment team in commodities field
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