Company assets

Winning the Race for Returns

bank Awards Source Action press
It was a sprint to the winner's enclosure for some asset managers.
  • Why it matters

    Why it matters

    Low bond returns are forcing investment advisers to convince their customers to buy stocks. The awards show that despite the higher risks, investors can still achieve respectable returns with good money managers.

  • Facts

    Facts

    • The German professional journal Elite Report has named the top 44 asset managers.
    • Berenberg Bank, BHF Bank and Hamburger Sparkasse achieved the highest number of points.
    • Only 12 percent of the 360 companies Elite Report analyzed gained ratings.
  • Audio

    Audio

  • Pdf

With bonds hardly yielding any interest anymore, now is the time for investors to move out of their comfort zone and enter the race for returns.

At least that is the view of many asset managers, who in the current economic climate have little choice but to convince their customers to make riskier investments. So what better time to celebrate the best performing among them.

At a state reception in Munich yesterday, the journal Elite Report and media partner Handelsblatt named the best 44 asset managers in the German-speaking countries. The team, with the help of auditors, analyzed 500 accounts containing total assets in the double-digit billion euros, evaluated about 800 real-life cases and examined corporate financial statements, awarding ratings to each institution.

Eight asset managers were honored for their outstanding performance. For the sixth time in a row, three banks achieved the highest number of points in the ranking: Berenberg Bank, a Hamburg-based private institution, Frankfurt’s BHF Bank – now owned by a group of investors headed by Leonhard Fischer, the chief executive of RHJ International – and Hamburger Sparkasse, Germany’s largest savings bank.

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Top performers (clockwise from top left): Andreas Ott, Bremer Landesbank; Björn Robens, BHF Bank; Fritz Witt-Dörring, Schoellerbank; Hans-Walter Peters, Berenberg Bank.

 

Three institutions achieved the highest possible score for the third time in 2014, Bremen Landesbank, the Liechtenstein private bank Centrum Bank, and Schoellerbank, a subsidiary of Bank Austria. Wergen & Partners, a non-bank Swiss portfolio manager, ranked among the top providers for the second time. Donner & Reuschel, a private bank, moved up in the ranking. These top banks are followed by a group of 23 asset managers, who were also given the highest award, “summa cum laude.”

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More top performers (clockwise from top left): Jörg Ludewig, Hamburger Sparkasse; Jörg Laser, Bank Donner & Reuschel; Olivier Jaquet, Centrum Bank; Manfred Wergen, Wergen & Partner

 

“Competition begets quality,” said Hans-Kaspar von Schönfels, founder and publisher of Elite Report, referring to the stability of top-rated advisers. Still, the top echelon remains small in comparison to the number of providers analyzed. Elite Report rated only 12 percent of the 360 companies it analyzed.

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