Assenagon, established in Luxembourg and Munich, is celebrating its 10th anniversary. Founded just before the financial crisis, the Assenagon Group now has over 80 employees in Luxembourg, Munich, Frankfurt and Zurich and manages client assets of €20bn. Despite the fierce competition within the sector, this makes the company one of the fastest growing asset managers in Europe.
Institutional investors in particular are attracted by the company’s proactive approach to managing capital market risks. To ensure that investors with defined risk budgets can achieve their target returns, the investment company offers integrated fund-based risk management. Alongside low-cost passive index products, this includes a specialised, actively managed portfolio of equity, derivative, credit and multi-asset-based strategies. To enable it to offer these complex products, Assenagon has in recent years invested in a powerful proprietary IT platform which from its inception has set new technological standards within the industry.
Vassilios Pappas, Co-founder and managing director of the Assenagon Group, commented: “We can look back on 10 extremely successful years, during which we have positioned ourselves very advantageously for the future. The global asset management industry is in a period of upheaval. Investors are increasingly attracted to passive products and alternative investments. The financial industry is suffering cost pressures and increasing regulation. In an era of global markets and increasing transparency requirements, the sophistication of technological platforms will be crucial in deciding a company’s future competitiveness. In collaboration with our partner DEVnet, we have adapted our ARISKON investment and risk management platform to meet this trend and can now respond efficiently and flexibly to customer needs.”
Hans Günther Bonk, Co-founder and managing director of the Assenagon Group, added: “Our industry is one of the fastest growing of all. This has very beneficial effects for investors. Competition is stimulating business, product diversity is increasing and is better able to adapt to market trends. Our independence is a major advantage here, as it maximises our freedom of choice and earns us high esteem among investors, industry experts and competitors. However lasting business relations with our investors are more important to us than growth rates. After all, our success is largely down to the trust they have placed in us.”