DJE Kapital appoints head of Absolute Return

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DJE Kapital appoints head of Absolute Return
DJE Kapital has appointed Richard Schmidt as head of Absolute Return's fund management and trading division since mid-March. 
In the newly created position, Schmidt is responsible for strategic management and holistic support for absolute return mandates, which form another growth area for DJE. He is also responsible for optimising customer communication in this area. 
Schmidt reports directly to Ulrich Kaffarnik, board member of DJE and responsible for fund management & trading.
With vast experience in multi-asset fund management, Schmidt has been portfolio manager and authorised representative at Lazard Asset Management in Frankfurt, where he is also responsible for the management of pension mandates for institutional clients. In 2011, he joined MEAG Munich Ergo Asset Management. He was fund manager of retail fund MEAG EuroErtrag and head of the Tactical Asset Allocation Strategy Group.