Customers remain loyal – almost no cash outflows in March

Frankfurt While investors in Europe fled from investment funds with the outbreak of the corona crisis, Dekabank’s business has remained almost stable. Georg Stocker, the new chief executive of the savings bank fund service provider, said on Tuesday: “Looking at sales shows that customers have reacted very prudently so far.” In March there were almost […]

Norway’s sovereign wealth fund loses 104 billion euros

Nicolai Tangen From September, hedge fund manager Nicolai Tangen (shown here on the screen) controls the oil fund. (Photo: via REUTERS) Oslo Norway’s sovereign wealth fund lost around 104 billion euros in the first quarter due to the market turmoil due to the corona crisis. This is announced by the world’s largest sovereign wealth fund. […]

Softbank waives billions deal with WeWork

Soft bench The Japanese investor originally wanted to increase its stake in WeWork. (Photo: Reuters) Bangalore Japan’s technology investor Softbank will not meet its $ 3 billion offer of additional WeWork shares that was agreed with its shareholders last year. “The WeWork Board of Directors Special Committee was created by Soft bench, the majority shareholder […]

AMS is confident about a billion dollar capital increase

Dusseldorf The time for a capital increase worth billions could hardly be more unfavorable: The Austrian sensor specialist AMS wants to collect more than 1.6 billion euros to partially finance the takeover of the much larger competitor Osram. In addition to the financial investor Temasek, who holds more than five percent of the shares, other […]

The new head of Norway’s oil fund must secure the pensions

Nicolai Tangen The Norwegian will manage $ 828 billion in the future. Stockholm The timing is special: In the middle of the global corona crisis, Norway’s oil fund is presenting a new boss – via video. “I would have preferred to introduce myself in an analogous way,” explains Nicolai Tangen on Thursday. But that’s just […]

DWS warns of negative consequences from the corona crisis

Deutsche Bank subsidiary DWS sees negative effects from the corona crisis. (Photo: Reuters) Frankfurt The Deutsche Bank subsidiary DWS fears the corona crisis. The fund company could be significantly affected by the economic conditions, DWS warned in its annual report on Friday. However, it was too early to be able to quantify the consequences for […]

Corona virus crisis: hedge funds sense their opportunity

Frankfurt In the corona crisis, stocks on the stock exchanges got under the wheels within a few days, book values ​​in the trillions vanished into thin air. The price losses hurt the majority of investors, but there are also players on the financial markets who benefit from such crashes. For activist investors who buy minority […]