News

The MEAG ManagerMeeting was held for the third time in March 2007.

Again this year the proven "Inform and Entertain" concept attracted numerous decision-makers from the private and public sectors.

MEAG showcased itself and its activities in six cities - Hamburg, Berlin, Hannover, Stuttgart, Frankfurt and Düsseldorf - with presentations on current investment issues. The programme was based on the motto "No performance without stimulus", which was reflected in the topics "Stimuli for asset allocation", "The MEAG Fund of Hedge Funds Certificate" and "Market development 2007".

Managing Director in charge of institutional customers Dr. Robert Helm moderated through the various events and reported on the latest developments in his field.

Dr. Stefan Arneth, head of mandate and relationship management for institutional customers, presented an interesting and attractive version of the Core-Satellite strategy. This variant is also suitable for debt-oriented investors, whose core portfolios are dominated by liabilities. By incorporating satellite investments, additional earning and diversification potential can be exploited. What speaks for MEAG here is that we are experts in both the typical core portfolio and numerous very profitable satellite investments. Eastern Europe, ABS and Dynamic Value were discussed as examples of these satellites.

Dieter Wolf, Managing Director in charge of portfolio management, and Relationship Managers Elke Wenzler and Alexander Köpp drew a balance on a successful investment, the MEAG Fund of Hedge Funds Certificate, which has been on the market since 2005. Audiences listened attentively to the details of its development and structure.

Time proven and always awaited with great anticipation was again Dr. Jürgen Callies' Capital Market View. Callies, head of the Research unit, forecast the market trends for 2007 under the heading "Boom or Recession".

After the presentations, participants had the opportunity to chat about what they had heard and enjoy some culinary magic accompanied by some magical sleight of hand. A magician impressed the guests with some bewildering tricks to round off a highly successful roadshow.

The Chinese insurance regulatory authority CIRC has given its go-ahead for a 19% holding by MEAG in PICC Asset Management Company Ltd. (PAMC). MEAG's financial commitment here amounts to around Euro 25 million. With this strategic partnership MEAG aims to participate directly in one of the world's fastest-growing and most promising markets.

Both companies want to build on their business with private and institutional investors. Upon receiving CIRC consent, the plan is to have 25% of the assets managed by PAMC come from private and institutional investors by 2010.

MEAG's acquisition of a 19% share in PAMC marks the first significant involvement of a non-Chinese financial institution in a Chinese asset management company. It also makes MEAG one of the first foreign asset managers to hold a share in an IAMC (insurance asset management company).