Tag: 爱上海MG

‘Only big players will survive’, says Universal Investment CEO

first_imgBernd Vorbeck, CEO of Universal Investment“I think only the big players will survive,” he said.In the German market there were quite a few mid-sized companies, with assets ranging from €40bn to €200bn, but theirs was not “a real valid business position”, according to Vorbeck.A spokesman for Universal said the company differed from most of its competitors as they were specialised, for example either in fund administration or as an investment management company, while Universal was “a one-stop shop” for both investors and asset managers.Universal used to be owned by small German private banks but last year it was sold to Montagu Private Equity. Vorbeck said this was the first big move by a private equity company in the German fund market.The change of ownership may mean that, for the first time, the company could grow by joining forces with outsiders rather than organically.Vorbeck said that, with a private equity company as owner, the question of mergers and acquisitions is much more on the agenda and that Universal “could imagine pure synergy plays” or adding specialists to grow with “adjacent services”.It was “quite realistic” that a transaction like this could happen over the next few years, although Universal was not necessarily actively working towards this on a day-to-day basis.“We’re ready whenever an opportunity would be on the horizon,” said Vorbeck. The fund service provider sees room for growth both domestically and in Luxembourg, where it also has a fund service platform.Vorbeck said that in Germany there was still business to be had, but only for companies of sufficient size.“The only thing that counts in this environment is are you big enough, do you have enough money to invest, and do you have enough attention from your shareholder in your strategy,” he told IPE.He was referring to pressures stemming from the low interest environment, regulation and digitalisation. German fund service providers with less than €200bn in client money are unlikely to be able to survive the current market environment, according to the chief executive of Universal Investment, the country’s second-largest institutional fund provider. The company has a goal to raise its own volume to €500bn over the next four to five years and to be the leading fund service provider for all asset classes in Europe, said CEO Bernd Vorbeck.As at the end of its last fiscal year in September, Universal had €340bn of assets under administration, the bulk of which was for institutional investors (€278bn). Most of this was held in Spezialfonds, or master funds (€242bn).Universal is a big player in the market for so-called Master-KVGs, a fund service model used by mainly German institutional investors for the consolidated administration of assets held in Spezialfonds.  last_img read more


September 29, 2020 0

Industry Majors Back 3GW by 2030 French Mediterranean Floating Wind Goal

first_imgMore than 70 companies and institutions, including some of the leading offshore wind developers and equipment manufacturers, have called for the development of 3GW of floating offshore wind in the French Mediterranean by 2030.According to a joint statement, the French Mediterranean is ready to host the first commercial offshore floating wind tender in 2019.The 3GW objective will be included in the regional development plans of the South-Provence Alpes Côte d’Azur and Occitanie / Pyrénées-Méditerranée regions (SRADDET), the statement said.The French Mediterranean is deemed to have ideal conditions for floating wind, with strong and steady winds, virtually no tides and moderate swells, and a suitable seabed, the statement said.France has so far approved four floating wind pilot projects with a combined capacity of just under 100MW. Three of those pilot projects are located in the Mediterranean, with the commissioning expected throughout 2020 and 2021. The country’s current energy program calls for the approval of up to 2GW of floating wind and tidal projects in addition to the 100MW that will be in service by 2023.The call for 3GW of floating wind by 2030 has gathered 74 signatories including Equinor, the owner and operator of the world’s first commercial floating wind farm, GE Renewable Energy, Siemens Gamesa, Senvion, wpd, Engie, EDP Renewables, EDF Energies Nouvelles, etc.last_img read more


September 28, 2020 0

Pogba’s World-record Transfer Under Probe

first_imgWhen they confirmed the transfer, Juventus said the “economic effect” to their club was “about 72.6m euros”.A book published in Germany this week – The Football Leaks: The Dirty Business of Football – and reproduced in media reports, includes what it says is a breakdown of the Pogba fee and alleges his agent Mino Raiola earned £41m from the deal.When contacted by the BBC, Raiola declined to comment and said the matter was in the hands of his lawyers.According to reports taken from information in The Football Leaks:§ Forward Zlatan Ibrahimovic, another Raiola client, earns £367,640 a week – £19m a year – at Manchester United, making him the best-paid player in the Premier League.§ Pogba’s basic salary is £165,000 a week – £8.61m a year – but he has substantial incentives in a 41-page contract.§ Raiola took a £23m slice of the transfer fee and will be paid five instalments totalling £16.39m from United over the course of Pogba’s contracShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Paul Pogba’s world-record transfer from Juventus to Manchester United last year is the subject of a FIFA inquiry.Football’s world governing body has written to the Premier League club “to seek clarification on the deal”.It is believed to concern who was involved in the £89.3m transfer, and how much money was paid to them.A United spokesman said: “We do not comment on individual contracts. FIFA has had the documents since the transfer was concluded in August.”Pogba, 24, is in his second spell at Old Trafford, having left the club for Juventus for £1.5m in 2012.The France midfielder first joined United from French side Le Havre in acrimonious circumstances in 2009.He returned to the club last summer for a world-record fee of 105m euros.United also agreed to pay Juventus 5m euros (£4.5m) in performance-related bonuses plus other costs, including 5m euros if Pogba signs a new contract.last_img read more


September 9, 2020 0

Liverpool FC injury update: Positive news ahead of Man United clash

first_img Liverpool midfielder Lucas Leiva 1 At one point following Jurgen Klopp’s arrival at Liverpool as manager, the club’s medical department were working over time.In January, after a succession of hamstring injuries, 13 players were all out of action but now the Reds are rejuvenated and almost back to full strength.And it’s a great time for the squad to be in this state, especially with their Europa League last 16 first leg clash with Manchester United coming up on Thursday.Ahead of the game at Anfield, Klopp is only without Lucas Leiva, who is out for five to six weeks with a thigh strain, Kevin Stewart and Jordan Rossiter, while Danny Ings and Joe Gomez are long-term absentees.The successful reintegration of Mamadou Sakho, Dejan Lovren, Joe Allen, Adam Lallana and Martin Skrtel in recent weeks following their spells on the sideline is a huge boost to the German.And could be key for the club as they push hard to finish as high as possible in the Premier League and win the Europa League.MAN UNITED INJURY NEWS AHEAD OF EUROPEAN MEETING WITH LIVERPOOLlast_img read more


December 30, 2019 0