Equities - DVFA

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activities of the commissions
Asset Management Forum
Three Asset Management Forums were held in 2010. The objective of the forum series
is an exchange between selected representatives of the asset management industry.
Frank Klein (DB Advisors), Ingo Mainert (Allianz Global Investors/RCM) and Michael
Schmidt (Union Investment Privatfonds GmbH) are the members of the DVFA Board
responsible for Asset Management.
For the meeting at the end of March, a lecture on hedge funds by Harald Sporleder
(Allianz Global Investors/RCM) was on the agenda. Open-ended real estate funds were
the topic covered by Michael G. Husung (RREEEF Germany). Dr. Peter König spoke
about ‘Qualification standards for portfolio managers’.
The first half of the second Asset Management Forum on 26 August focussed on the
‘Crisis in European government bonds and its effects’, as presented by Frank Klein. He
was followed by Michael Schmidt with ‘How reliable is the Information Ratio (IR) as a
measure of portfolio manager performance?’.
On 25 November, the third Forum dealt with aspects of integrated risk management
and regulatory impacts on asset management. Dr. Patrik Justen (DB Advisors), Dr.
Thomas Stephan (Allianz Global Investors/RCM) and Dieter Konrad (Union Investment
Institutional GmbH) spoke about asset management. In the second half, Dr. Peter König
presented a look at the legislative measures implemented over the past several years
in the areas of banking, asset management, investment advice and insurance.
Frank Klein emphasises the importance of the culture of discussion upheld within the
Forums: ‘We have succeeded in critically analysing certain asset classes with a focus on
the diverging risk perceptions between corporates looking to raise capital and investors.
The work of the Forum focuses clearly on the European horizon.’
For 2011, another 2-3 events are planned.
Asset Management_