Hauck & Aufhaeuser Privatbankiers (Hauck & Aufhaeuser), the
independent private bank, has selected London-based International
Asset Management as its fund of hedge funds partner for the German
IAM, one of the oldest and largest multi-managers in Europe will
create portfolios of hedge funds to be marketed by Hauck &
Aufhaeuser to German institutional and private clients.
Hauck & Aufhaeuser group offers independent investment
advisory and customised financial solutions to high net-worth
individuals, entrepreneurs and institutional clients from offices
in Frankfurt, Munich, Luxembourg and Zurich. Currently, the firm
has in excess of 13 billion euros in assets under management.
Hauck & Aufhaeuser, with a history going back to 1796, is majority-
owned by private shareholders. Dr. Alfred Junker, one of the partners
of the bank, said: "We believe strongly in the opportunities provided
by portfolios of hedge funds as do our clients. I am confident that
IAM's specialist expertise developed over the past 15 years will
Bring unique benefits to our clients.''
Alan Djanogly, Founder & Investment Director at IAM, said: "Like
Hauck & Aufhaeuser, IAM combines a rigorous and diligent
investment process to deliver strong performance with a commitment
to client service. We are very excited by the opportunities we
anticipate arising in both hedge funds and bespoke portfolios of hedge
funds with the recent liberalisation of German regulations.''
Hauck & Aufhaeuser is one of the oldest independent private banks
in Germany. The bank goes back to the merger of Hauck Private
Bankers (founded in 1796) and H. Aufhaeuser Private Bankers
(founded in 1870) in 1998. The legal status of the firm is a
partnership. The bank's activities are focused on investment
advisory, asset management and corporate finance. Its client
structure encompasses high net-worth individuals, entrepreneurs
and institutional clients, such as trusts, pension funds, insurance
companies, non-profit organisations and clerical institutions.
International Asset Management (IAM) is one of the oldest and
largest independent specialist hedge fund portfolio managers in
Europe. Founded in 1989, IAM has approximately USD 1.4 billion in
assets under management. IAM specialises in tailor-making portfolios
of hedge funds for its institutional and high net worth clients.
In October 2003, IAM announced the opening of a New York office
and the appointment of Mark DeAngelis, formerly Vice President at K2
Advisors, who joined the team as a Senior Analyst.
copyright hedgeweek 2004