21st Annual Portfolio Management Conference

The global economy and politics in transition – guidelines for professional investment
05.06.2018 - 06.06.2018
Hotel Hilton Frankfurt City Centre
Number of
1.995,00 €
net (plus 19 %VAT)

Target Group

Managing Directors and Senior Executives from

  • Institutional investors as Corporates, insurance companies, pension institutions or foundations in the fields of asset management, treasury, finance and financial risk controlling;
  • Banks and Asset Management Companies in the fields of treasury, portfolio management, institutional asset management, research, investment controlling, marketing, sales and trading desk;
  • Investment consultants and other specialized service providers with a focus on (institutional) asset management


5 - 6 June 2018

Day 1: Tuesday, 5 June 2018

Andreas Metzen,
Uhlenbruch, Bad Soden am Taunus, Germany
Prof. Dr Philipp Schmitz, FH Aachen University of Applied Sciences, Aachen, Germany & alpha portfolio advisors, Kronberg im Taunus, Germany

08:00 Registration
08:45 Opening remarks

Module 1: Prospects for the Global Economy, Europe, Asia and the Capital Markets

09:00 Europa im Umbruch – Die politische Zukunft Europas, der Euro und die geldpolitischen Krisenherde

Dr Theo Waigel, Waigel Rechtsanwälte, Munich, Germany

10:00 2 Strategen, 2 Meinungen: Makroökonomische Großwetterlage und aktuelle Anlageopportunitäten

Dr Jürgen Odenius, PGIM Fixed Income, Newark, USA
Andrew Wilson, Goldman Sachs Asset Management, London, UK

11:00 Networking break and refreshments

11:30 Demystifying China's Belt and Road Initiatives

Xiao Fu, Bank of China, Peking, China

12:30 Lunch sponsored by ComStage

Module 2: Fresh Approaches to Asset Allocation

14:00 Asset Allocation Insights – Challenges to Asset Allocation in Times of High Valuation Everywhere

James Montier, GMO, London, UK

14:45 Understanding the Anatomy of Active Portfolios

Dimitris Melas, MSCI, London, UK

15:30 Networking break and refreshments

16:00 Podiumsdiskussion: Liquide versus illiquide Investments – Wo liegen die Unterschiede für Investoren?

Moderation: Dr Andreas Schmidt-von Rhein, FEREAL, Bad Homburg vor der Höhe, Germany

Steffen Böhmert, ICG International Intermediate Capital Group, Frankfurt am Main, Germany
Olgerd Eichler, MainFirst, Frankfurt am Main, Germany

Module 3: The World of Tomorrow – Trends and New Topics for Investing

17:00 Quo vadis USA – Wer kann die neue Führungsrolle in der Welt einnehmen?

John B. Emerson, Capital Group International, Los Angeles, USA & Former U.S. Ambassador to Germany

18:00 Networking cocktail reception

19:00 Evening event with Philipp Köster – Founder and Editor-in-chief of the football magazine "11 Freunde" – sponsored by Deutsche Asset Management

Day 2: Wednesday, 6 June 2018

Andreas Metzen,
Uhlenbruch, Bad Soden am Taunus, Germany
Prof. Dr Philipp Schmitz, FH Aachen University of Applied Sciences, Aachen, Germany & alpha portfolio advisors, Kronberg im Taunus, Germany

08:00 Registration
08:55 Opening remarks

Module 3 (continued): The World of Tomorrow – Trends and New Topics for Investing

09:00 Megatrend-driven investments

Claus Kjeldsen, Copenhagen Business Institute for Future Studies, Copenhagen, Denmark

10:00 Go digital or go home – Die Asset Management-Industrie im Wandel

Thorsten Michalik, Deutsche Asset Management, Frankfurt am Main, Germany

10:45 Networking break and refreshments

Module 4: Topical Key Issues for Institutional Capital Investment

11:15 Visualizing and Understanding Systemic Risk

Ren Cheng, Fidelity Investments, Boston, USA

12:00 Lunch sponsored by AXA Investment Managers

13:30 The Past, Present and Future of Factor Investing

Dr Andrew Ang, BlackRock, New York, USA

14:30 Wie entscheidend ist der Portfoliomanager für den Anlageerfolg?

Dr Marc-André Göricke, alpha portfolio advisors, Kronberg im Taunus, Germany
Dr Jochen Kleeberg, alpha portfolio advisors, Kronberg im Taunus, Germany

15:15 Podiumsdiskussion: Lösungsansätze für die instiutionelle Kapitalanlage im Umfeld niedriger Zinsen, hoher Bewertungen und zunehmender Risiken

Andreas Hilder, Versorgungswerk der Apothekerkammer Westfalen-Lippe, Münster, Germany
Mag. Günther Schiendl, VBV-Pensionskasse, Vienna, Austria
Rainer Weidt, Vorwerk, Wuppertal, Germany

16:00 End of conference and farewll to participants

Terms and Conditions

21st Annual Portfolio Management Conference

Tuesday and Wednesday, 5 - 6 June 2018
Hilton Frankfurt City Centre
EUR 1,995.- (plus 19% VAT)

The price for institutional end-investors is EUR 285.- (plus 19% VAT). Please give us a note when registering via the webshop. We kindly ask for your understanding that we check the assignment and the final decision is ours.

Terms and Conditions
The attendance fee includes all documentations, lunch, refreshments and the evening event. A fee totaling 10% of the attendance fee shall be charged for all cancellations made up until 7th May 2017. Cancellations between 8th May and 21st May will be charged with a fee totalling 50% of the attendance fee. Any later cancellations will be charged the full fee. The conference ticket cannot be shared, but a registered participant may in the event of sickness designate a replacement participant to take part in the conference. In the event that we have to cancel the event, we will refund you the participation fee paid. Further claims are excluded. We reserve the right to make alterations to the program for good cause. With your registration, you agree that during the conference, we will take photos and video recordings for presentation purposes.


"The annual Uhlenbruch Portfolio Management conference provides an outstanding platform for key professionals in the industry, for the finance community and for institutional investors to learn, meet and exchange ideas. The conference offers access to top academics and innovators who as speakers makes this event as always outstanding."
Nicholas S. Stalder, LINEAR Investments Limited



With EUR 711 billion of assets under management (as of June 30, 2017), Deutsche Asset Management1 is one of the world’s leading investment management organizations. Deutsche Asset Management offers individuals and institutions traditional and alternative investments across all major asset classes.
Our ultimate goal is to empower our clients with innovative solutions that meet their complex investment needs. The range of services covers strategic asset allocation and includes a stringent risk management process, all aspects of global asset management and a wide variety of platform solutions for administration tasks – organized within our Fiduciary Management. We assume responsibility for the overall success of the capital investments and offer services at every point in the asset management value chain. With relationship managers located around the world, we have the ability to offer local delivery of global investment capabilities that leverage the strength of our entire organization.

1 Deutsche Asset Management is the brand name of the Asset Management division of the Deutsche Bank Group.

Contact: Sven Simonis, Phone: +49 69 91 01 31 63, www.deutscheinstitutional.com


ACATIS Investment is an independent boutique asset manager that specializes in value investing according to Benjamin Graham and Warren Buffett. The company was established in 1994 in Frankfurt/Main. Today, ACATIS manages several global and regional investment funds and mandates, including equity, balanced and bond strategies. Four of the funds also pursue a sustainability strategy. The companys flagship fund – ACATIS Aktien Global Fonds – was launched in 1997.
ACATIS has also been working on Artificial Intelligence (AI) and its application in portfolio management for the past few years. In 2016, the first practical application of AI took place at ACATIS, and in 2017 ACATIS launched an equity fund whose stock selection and portfolio composition is controlled by AI.
ACATIS is owner-managed and owned by the three managing partners Dr Hendrik Leber (portfolio management), Dr Claudia Giani-Leber (marketing) and Faik Yargucu (sales). The company manages assets of around EUR 4.6 bn (as of November 30, 2017).

Contact: Faik Yargucu, Phone: +49 69 97 58 37 77, www.acatis.de

AXA Investment Managers (AXA IM) is an active, long-term, global, multi-asset investor focused on enabling more clients to harness the power of investing to meet their financial goals. By combining investment insight and innovation with robust risk monitoring, we have become one of the largest asset managers in Europe – with ambitions to become the chosen investment partner of investors around the world. AXA IM is part of the AXA Group, a global leader in financial protection and wealth management. AXA IM manages 732 bn. Euro and operates with over 2.412 employees in 22 countries worldwide (Date: Sept. 2017).

Contact: Jörg Schomburg, Phone: +49 69 900 25 21 23, www.axa-im.de

Founded in the US in 1931, Capital Group is one of the world’s largest independent investment managers, with over $1.5 trillion of assets under management. Investment management is our only business. Throughout our history of more than 80 years, our aim has always been to deliver superior, consistent results for long-term investors. The stability of our privately owned organisation and our singular investment focus have enabled us to maintain a long-term perspective throughout the decades. We believe this helps to align our goals with the interests of our clients. Our active investment process is designed to enable individual investment professionals to act on their highest convictions, while limiting the risk associated with isolated decision-making. Fundamental proprietary research provided by our global network of over 380 experienced investment analysts forms the backbone of our approach.

Contact: Henning Busch, Phone: +49 69 427 27 87 10, www.capitalgroup.com/europe

ComStage is the ETF brand of Commerzbank, Germany’s second largest bank. A range of more than 100 ETFs covers equity-, bond-, commodity- and strategy indices. Low flat fees and minimal tracking errors are typical for ComStage ETFs. The ComStage ETF DAX (ETF001) has got the lowest management fee among all ETFs on the DAX: Investors pay a mere 0.08% p.a. ComStage has launched a series of fully replicating ETFs that exclude securities lending completely and cover the needs of investors in search of distributing ETFs .

Contact: Thomas Meyer zu Drewer, Phone: +49 69 13 68 11 11, www.comstage.de

MAINFIRST ASSET MANAGEMENT is an independent European multi-boutique with an active management approach that manages mutual funds and individual special mandates. It focuses on investment strategies in selected asset classes and thus combines the expertise and flexibility of focused investment teams with the strengths and clearly defined processes of a broad-based international platform.

Contact: Marco Seminerio, Phone: +49 69 78 80 81 42, www.mainfirst.com


BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At September 30, 2017, BlackRock’s AUM was $5.977 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of September 30, 2017, the firm had approximately 13,000 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa.

Contact: Harald Klug, Phone: +49 89 427 29 5834, www.blackrock.com/de

Comgest is an independent, international asset management group with headquarters in Paris and offices in Amsterdam, Boston, Dublin, Düsseldorf, Hong Kong, Mumbai, Singapore and Tokyo. Since inception in 1985, Comgest has pursued a long-term "Quality Growth" and responsible investment style with the objective of selecting quality companies with solid prospects for sustainable growth. With more than 150 employees of 20 different nationalities, Comgest serves a diverse global client base and manages assets of about €25.3 billion as at 30 June 2017.

Contact: Thorben Pollitaras, Phone +49 211 44 03 87 22, www.comgest.com

Fidelity International pursues a clear target: We support our clients in reaching their financial goals with outstanding investment solutions and excellent service. Fidelity offers actively managed investment solutions covering all regions, sectors and asset classes. Currently we have Assets under Management (AuM) of EUR 265,4 billion and assets under administration (AuA) of EUR 82,5 billion internationally. (As of 30.09.2017)

Contact: Annika Milz, Phone: +49 6173 509 32 09, www.fidelity.de/institutionelle

We are a research based strategy consultant focusing on the investment industry. In the last 15 years we have been involved in more than 250 projects across Europe, the Gulf Region and Asia-Pacific. We are well known globally as the pioneer in the application of network analysis (network science) to the investment industry, a competence which makes us truly unique and which led to the winning of over a dozen of global as well as European awards recognizing our work, "made in Germany". Our sister entity SONEAN, www.sonean.com, furthermore established an entirely new field with "Ecosystem Intelligence". SONEAN’s network science based Ecosystem Intelligence is the answer to an increasingly complex, volatile, and uncertain environment which requires from corporate decision makers and investors alike to have access to unique, connected, and dynamic intelligence.

Contact: Dr Murat Ünal, Phone: +49 6173 702 76 52, www.funds-at-work.com

Goldman Sachs Asset Management is one of the world’s leading investment managers. With more than 2,000 professionals across 30 offices worldwide, GSAM provides institutional and individual investors with investment and advisory solutions, with strategies spanning asset classes, industries and geographies. Our investment solutions include fixed income, money markets, public equity, commodities, hedge funds, private equity and real estate. Our investment teams represent over 650 investment professionals, capitalizing on the market insights, risk management expertise and technology of Goldman Sachs. We help our clients navigate today’s dynamic markets and identify the opportunities that shape their portfolios and long-term investment goals. We extend these global capabilities to the world’s leading pension plans, sovereign wealth funds, central banks, insurance companies, financial institutions, endowments, foundations, individuals and family offices, for whom we invest or advise on more than $1 trillion of assets.

Contact: Dennis Lübcke, Phone: +49 69 7532 2130, www.gsam.com

Man Group is an active investment management firm focused on delivering performance and client solutions through its five investment management businesses: Man AHL; Man Numeric; Man GLG; Man FRM and Man Global Private Markets. Man Group’s investment management businesses provide long-only, alternative and private markets products on a single and multi-manager basis, leveraging the firm’s robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes. The original business was founded in 1783. Today, Man Group plc is listed on the London Stock Exchange under the ticker EMG.L and is a constituent of the FTSE 250 Index. As at 30 September 2017, Man Group’s funds under management were 103,5 billion. Man Group also supports many awards, charities and initiatives around the world, including sponsorship of the Man Booker literary prizes

Contact: Konstantinos Karamanlis, Phone: +423 375 10 49, www.man.com

PGIM Fixed Income manages assets for public and corporate institutional clients and retail investors worldwide, with decades of experience managing credit-related and other fixed income strategies. Our Worldwide AUM stands at $695 billion, as of 30 September 2017, of which $58.6 billion is from EMEA based clients. We have 282 investment professionals, with our senior investment professionals averaging 28 years experience and 18 years with Prudential Financial, Inc. (“PFI”). Our key strategies include Global Corporate Bonds, Global Loans, High Yield, Emerging Market Debt, Absolute Return Bonds.

Contact: Wolfgang Sussbauer, Phone: +49 89 28 645 210, www.pgimfixedincome.com

Pictet Group was founded in Geneva in 1805. Pictet is today one of Europe's leading independent wealth and asset managers. Pictet Asset Management (PAM), one of the three divisions of the group, is responsible for the asset management for institutional investors and investment funds. With around 163 billion euros (as of 30 September 2017) in assets under management, we offer a full range of active and quantitative investment solutions to some of the world's largest global pension funds, insurance companies, sovereign wealth funds, foundations and financial institutions.

Contact: Frank Böhmer, Phone: +49 69 79 5009 1224, www.pictet.com

State Street Global Advisors rely on a long heritage, legacy of experience with a history of innovation, and has been committed to helping our clients achieve financial security. We partner with many of the world’s largest, most sophisticated investors and financial intermediaries to help them reach their goals through a rigorous, research-driven investment process spanning both indexing and active disciplines. With trillions in assets, our scale and global reach offer clients access to markets, geographies and asset classes, and allow us to deliver thoughtful insights and innovative solutions (AUM as per 30. September 2017 was USD 2.67 trillion).

Contact: Frank Becker, Phone: +49 89 55 87 84 14, www.ssga.com

Media Partners


Absolut Research GmbH was founded in 2000 to publish innovatitive research and specialized expertise targeted at the daily asset allocation decision making of German speaking institutional investors. Our different publications – from our flagship magazine Absolut|report and asset class performance analyses down to product-level research – offer independent and neutral information to react to the long term challenges of capital markets. This includes accommodating the growing institutional demand for sustainable and ESG investing. Our magazine Absolut|impact was launched in 2016 and is the first dedicated sustainabilty publication directed at the institutional community.

Contact: Phone: +49 40 30 37 79 0, www.absolut-research.de

Deutsche Pensions- & Investmentnachrichten – dpn is the first magazine dedicated to the information needs of German institutional investors, asset managers and the occupational pensions industry. Published in German, dpn provides readers with reliable and objective information on new market opportunities and investment trends, as well as research and statistics on the German asset management and pensions markets. Published six times a year since its launch in 2001, its expert writers offer genuinely exclusive insights into institutional asset management and pensions management.

Contact: Eve Buckland, Phone: +44 20 77 75 63 24, www.dpn-online.com

InvestmentEurope is a leading brand for fund selectors and investment professionals across Europe. Created from the MBO of Open Door Media Publishing Ltd from Incisive Media, and staffed by a senior team of many years' experience across editorial, sales and marketing, InvestmentEurope offers a suite of digital products including the website www.investmenteurope.net, mobile and tablet editions, a monthly print publication, and a portfolio of conferences and awards that bring asset managers and fund selectors closer together. InvestmentEurope is dedicated to being the 'go-to place for the fund selector community'.

Contact: Vanessa Jagessar, Phone: +44 20 37 27 99 24, www.investmenteurope.net

Investment & Pensions Europe is the monthly magazine for those running pension funds in Europe. Since our first issue in 1997, we have built an influential position within the European institutional investor community, and the publication has an average monthly circulation of 10,099 copies, of which 70% is in Continental Europe.

Contact: Piers Diacre, Phone: +44 20 34 65 93 00, www.ipe.com

The monthly magazine portfolio institutionell focuses specifically on the issues and requirements of the institutional community in Germany. We carefully select the most substantiated answers to questions raised by those responsible for investment within companies, as well as highlight critical backgrounds and contexts. The magazine has a circulation of 9,500.

Contact: Oneeba Sammi, Phone: +49 69 85 70 81 18, www.portfolio-institutionell.de


Bundesverband Alternative Investments e.V. (BAI) is the lobby association for the Alternative Investments industry in Germany and catalyzer between German institutional investors and recognized providers of AI-products worldwide. One goal is to enhance the environment for German professional investors when diversifying their financial assets into Alternative Investments; another objective is to increase the awareness level and the understanding of these asset classes and strategies in public. BAI maintains an intense dialogue with political institutions and supervisory bodies and advocates for legal reforms to design an attractive regulatory environment for the German AI-industry. BAI counts 183 members from all areas of the professional Alternative Investments industry.

Contact: Phone: +49 228 96 98 70, www.bvai.de

GFD Finanzkommunikation was founded in 1995 in Frankfurt am Main, is owner-operated and network independent. With four partners at present and a full-time staff of 25, GFD Finanzkommunikation is a boutique agency specialized in financial communications. Our two main areas of business are Public Relations for asset managers and financial service providers, and Investor Relations for public companies. Our spectrum of consulting services in financial communication ranges from management consulting to corporate development. The support we provide to our clients is built upon a forward-looking, long-term business relationship. Our corporate philosophy calls for at least one of the management team to play an active role in supporting each and every one of our clients. Every one of the partners has over 15 years of experience on capital markets and access to a comprehensive and reliable network spanning the entire financial community.

Contact: Uwe Lill, Phone: +49 69 97 12 47 13, www.gfd-finanzkommunikation.de

GodmodeTrader is the internet portal for trading, technical analysis and investment strategies with the broadest reach in the German-speaking markets. The portal was created by BörseGo AG, a company that is independent of banks and publishing houses. It offers private and institutional investors news on the financial markets, stock prices and charts in real-time, chart analyses from professional traders, webinars, live videos as well as various training programs. Fee-based premium services give guidance to active investors on how to make a promising trading decisions. Today many of these services take place interactively on the affiliate portal Guidants (www.guidants.com). Whether beginner or professional – GodmodeTrader provides everyone with the information they need for a successful performance on the stock market.

Contact: www.godmode-trader.de

Delegates 2017

Delegates from these companies joined us in 2017

Aberdeen Asset Management Deutschland AG
Absolut Research GmbH
AC Innovation GmbH
Acadian Asset Management (UK) Limited
ACATIS Investment GmbH
Acclivis Investment-AG TGV
Ärzteversorgung Westfalen-Lippe
Affiliated Managers Group Ltd.
alpha portfolio advisors GmbH
ansa capital management GmbH
AQR Capital Management Europe LLP
Aquila Capital Concepts
Audi AG
Augusta Vermögensverwaltung GmbH
AviaRent Invest AG
AXA Investment Managers Deutschland GmbH
Axel Grosskreutz Unternehmensberatung & Investment Consulting
Bank für Kirche und Caritas eG
Bank J. Safra Sarasin (Deutschland) AG
Barcare GmbH
Barmenia Versicherungen
BayernInvest Kapitalanlagegesellschaft mbH
Bergmann & Hahn Family Office GmbH
Bertelsmann Stiftung
BGAG Beteiligungsgesellschaft der Gewerkschaften GmbH
BlackRock Asset Management Deutschland AG
BLACKROCK Investment Management (UK) Limited
BNP Paribas Investment Partners
BNP Paribas Securities Services S.C.A.
BNY Mellon Investment Managemet EMEA Limited
Boehringer Ingelheim GmbH
BörseGo AG
Brain Capital GmbH
Bundesverband Alternative Investments e.V.
BVV Versicherungsverein des Bankgewerbes a.G.
Capital International Ltd.
Cara Investment GmbH
CFA Society Germany e.V.
Comgest Deutschland GmbH
Commerzbank AG
Continental AG
Credit Suisse (Deutschland) AG
Credit Suisse Asset Management
Danske Capital
Deka Investment GmbH
Deutsche Asset Management International GmbH
Deutsche Asset Management Investment GmbH
Deutsche Bank AG
Deutsche Post AG
Deutscher Sparkassen- und Giroverband e.V.
DJE Kapital AG
dpn - Deutsche Pensions & Investmentnachrichten
e-fundresearch.com Data GmbH
EbAV-Consulting GmbH
Edmond de Rothschild Asset Management SA (France)
Europäisches Patentamt (EPA)
Evangelische Kirche in Hessen und Nassau
Evangelische Ruhegehaltskasse in Darmstadt
Feri Trust GmbH
Fidelity International
Finanzmarktaufsicht (FMA)
Frankfurt University of Applied Sciences
Funds@Work AG
GAM (Deutschland) GmbH
GET Capital AG
GFD Finanzkommunikation
Goldman Sachs AG
Hamburger Pensionsverwaltung eG
Harvard Business School
Hauck & Aufhäuser Privatbankiers KGaA
Hermes Investment Management
Hessisches Ministerium für Wirtschaft, Energie,Verkehr und Landesentwicklung
Hoestermann Rechtsanwälte
Invesco Asset Management Deutschland GmbH
IPE International Publishers Limited
Japan Investment Trust Association
Kepos Capital
Klimek Advisors Fund Consulting GmbH
La Financière de L'Echiquier
Lazard Asset Management (Deutschland) GmbH
Lilly Deutschland AG
Lingohr & Partner Asset Management GmbH
London Speaker Bureau
Lupus alpha Asset Management AG
LVM Versicherung
Lyxor Asset Management
M.M.Warburg & CO KGaA
M&G International Investments Ltd.
m4 invest GmbH
Macquarie Bank International Ltd.
Macquarie Investment Management Austria Kapitalanlage AG
Man Investments AG
MFS International (U.K.) Ltd.
MLP Finanzdienstleistungen AG
Morgan Stanley Investment Management Limited
NEST Sammelstiftung
Nestlé Deutschland AG
NewMark Finanzkommunikation GmbH
Nomura Asset Management Deutschland KAG mbH
Nordea Fonds Service GmbH
Oddo Meriten Investment Management GmbH
OVIDpartner GmbH
Parly Company SA
Pax-Bank eG
Pensions-Sicherungs-Verein VVaG
Pensionskasse der Wacker Chemie VVaG
Perréard Partners Investment SA
PGIM Fixed Income
Pictet Asset Management Ltd.
PIMCO Deutschland GmbH
PineBridge Investments Europe Ltd.
Pioneer Investments Kapitalanlagegesellschaft mbH
portfolio Verlagsgesellschaft mbH
Prime Capital AG
Profunda Verwaltungs-GmbH
Putnam Investments Limited
QSB Management
Quant.Capital Management GmbH
Quanvest GmbH
Quoniam Asset Management GmbH
R+V Versicherung
Raiffeisen Bausparkasse Gesellschaft m.b.H.
Raiffeisen Kapitalanlage-Gesellschaft m.b.H.
Real I.S. AG
Record Currency Management Limited
Robeco Asset Management
Robeco Deutschland
Robert Bosch GmbH
Ruile & Cie GmbH
Scope Ratings AG
Selinus Capital Advisors GmbH
SIGNAL IDUNA Asset Management GmbH
Société Générale Group
Sparkassen-Versicherung Sachsen
St.Galler Pensionskasse
State Street Global Advisors
Stephan Schuhmann & Partner
Stifterverband für die Deutsche Wissenschaft e.V.
Subsidium Consulting GmbH
The Economist
Threadneedle International Investments GmbH
Tresono Family Office AG
UBS Asset Management (Deutschland) GmbH
Unigestion (UK) LTD
Union Investment Institutional GmbH
Versorgungsanstalt der Deutschen Bundespost
Versorgungswerk der Apothekerkammer Westfalen-Lippe
Versorgungswerk der Zahnärztekammer Berlin
Versorgungswerk der Zahnärztekammer Schleswig-Holstein
Vescore Deutschland GmbH
VON HALASZ Communication Consulting
von Plettenberg, Conradt & Cie. Family Office GmbH
Vorarlberger Landes- und Hypothekenbank Aktiengesellschaft
Wellington Management International Ltd.
Western Asset Management Company Limited
William Blair & Company, L.L.C.
Winton Capital Management Ltd.
WisdomTree Europe Ltd.
WisdomTree Japan K.K.
WWK Lebensversicherung a.G.
ZF Friedrichshafen AG
Zürich Beteiligungs-Aktiengesellschaft (Deutschland)


Dr Andrew Ang
Dr Andrew Ang

Andrew Ang, PhD, Managing Director, coordinates BlackRock’s efforts in factor investing. He leads BlackRock’s Factor-Based Strategies Group which manages macro and style factor multi-asset funds. The group optimizes factors to help meet investment outcomes, such as retirement savings, factor advisory mandates and bespoke factor solutions, and develops factor analytics tools leveraging BlackRock’s Aladdin platform.
Throughout his career, Dr Ang has focused on identifying and harvesting factor risk premiums within and across asset classes. Before joining BlackRock in 2015, Dr Ang was Chair of the Finance and Economics Division and the Ann F. Kaplan Professor of Business at Columbia Business School. He has published widely on equities, fixed income, asset and factor allocation, and alternative assets. His book, "Asset Management: A Systematic Approach to Factor Investing" is a comprehensive guide showing how factor risk premiums can be harvested in portfolio design and incorporated in all aspects of investment management. As a professor, Dr Ang worked with several large institutional managers as an advisor and consultant.
Dr Ang earned a BEc(Hons) degree in actuarial studies from Macquarie University, and a PhD in finance and MS in statistics from Stanford University.

Steffen Böhmert
Steffen Böhmert

Steffen joined ICG in July 2014 and is responsible for Credit Investments in Germany and a Director of ICG. He joined ICG from NIBC where he was heading the German Leveraged Finance Team in Frankfurt for 6 years having started a year earlier. Prior to NIBC Steffen worked in the Leveraged Finance division of IKB for 7 years and as a credit analyst at Bayerische LB and West/LB. Steffen is a graduate of Katholische Universität Eichstätt where he studied business administration.

Ren Cheng
Ren Cheng

Ren Cheng is a research consultant in the Global Asset Allocation (GAA) group at Fidelity Investments. In this role, Mr Cheng is responsible for training analysts and developing new ideas.
Prior to assuming his current position in 2009, Mr Cheng held various roles within GAA, including chief investment officer and managing director. Previously, he served as a portfolio manager at Fidelity Management & Research Company (FMR Co.).
Before joining Fidelity in 1994, Mr Cheng was an analyst and portfolio manager at Putnam Investments. He has been in the investments industry since 1985.
Mr Cheng earned his bachelor of arts degree in economics from National Taiwan University and his master of arts degree in economics from Brown University. He is currently a PhD candidate in economics at Brown University.

Olgerd Eichler
Olgerd Eichler

Olgerd Eichler has been a portfolio manager at MainFirst since 2007. He is responsible for the MainFirst Top European Ideas Fund as well as the MainFirst Germany Fund. After working at Citibank, Olgerd Eichler managed a total of 8 international public and special funds with a total volume of over €8 billion from 2000 to 2007 at Union Investment. In the course of his many years in the investment industry, Olgerd Eichler was repeatedly awarded for outstanding fund management. Most recently, he received a Citywire AAA rating in August 2016 and has received Sauren gold medals for excellent fund management for three consecutive years. In addition, he is among the few portfolio managers worldwide to date to achieve a top decile ranking in both European and American as well as global equities for one, three and five years – at different time periods and in different market phases.

John B. Emerson
John B. Emerson

John B. Emerson is a global relationship manager and vice chairman of Capital Group International, Inc. He has 16 years of industry experience, all with Capital Group. He was most recently the United States ambassador to the Federal Republic of Germany. In 2015, John was awarded the State Department's Susan M. Cobb Award for Exemplary Diplomatic Service, which is given annually to one non-career ambassador. Prior to accepting the ambassador posting, John was president of Private Client Services for the Capital Group Companies. Before joining Capital, he was deputy director to President Clinton where he coordinated his economic conferences, served as the president’s liaison to the nation’s governors, and led the administration’s efforts to obtain congressional approval of the GATT Uruguay Round Agreement and the extension of China’s MFN trading status. Before that, John served as Los Angeles Chief Deputy City Attorney, and was a partner in the law firm of Manatt, Phelps, Rothenberg, and Phillips. Additionally, he was appointed by President Obama to serve on his Advisory Committee for Trade Policy and Negotiations. He holds an honorary doctor of laws degree from Hamilton College, a juris doctorate degree from the University of Chicago and a bachelor’s degree in philosophy from Hamilton College. John is based in Los Angeles.

Xiao Fu
Xiao Fu

Xiao Fu is a Global Strategist and the Head of Commodity Markets Strategy at Bank of China International. Xiao's team focuses on global macro trends, China economics and commodities. Xiao has extensive experience interacting with clients across Europe, Asia and Americas. She regularly speaks at global conferences and is frequently quoted by Bloomberg, Reuters, FT and Wall Street Journal. Before joining BOCI, Xiao worked as a macro and commodity economist at Deutsche Bank in London. She majored in Economics at the London School of Economics.

Dr Marc-André Göricke
Dr Marc-André Göricke

Dr Marc-André Göricke is a consultant at alpha portfolio advisors where he engages in systematic manager selection for the asset classes equities, fixed income, and absolute return. Previously, he was a research associate at the chair of Prof. Dr Alexander Kempf at the University of Cologne and a member of the Centre for Financial Research (CFR), Cologne. He obtained his doctorate for his thesis on returns to human capital in asset management. Part of his research has been accepted for publication in "The Review of Financial Studies", one of the premier academic finance journals. He studied finance and accounting at the universities of Mainz and New South Wales, Sydney.

Andreas Hilder
Andreas Hilder

Andreas Hilder ist seit Februar 2012 in der Geschäftsführung des Versorgungswerkes der Apothekerkammer Westfalen-Lippe (VAWL) für den Geschäftsbereich Kapitalanlage verantwortlich. Nach der Ausbildung zum Bankkaufmann und dem Abschluss der nebenberuflich absolvierten Studiengänge zum Bankfachwirt und Bankbetriebswirt wechselte er zur Ärzteversorgung Westfalen-Lippe. Ende 2001 erfolgte der Wechsel von der Kunden- auf die Anbieterseite zur Credit Suisse Asset Management in die Kundenbetreuung institutioneller Kunden. Private Gründe und der Wunsch nach einer direkten Portfolio-Verantwortung sorgten 2005 für den Wechsel zum VAWL als Abteilungsleiter Kapitalanlage.

Claus Kjeldsen
Claus Kjeldsen

Claus Kjeldsen is a futurist and economist and CEO of the Copenhagen Institute for Futures Studies (CIFS).
Through CIFS’s multidisciplinary approach, he works with a large variety of multinational clients on all aspects of strategic adaption to future trends and scenarios. Prior to his engagement with CIFS, Claus worked as a management consultant and as CEO of start-ups and turnarounds. CIFS is a leading independent futurist think tank founded in 1969. By creating awareness of the future and highlighting its importance to the present, CIFS has been guiding key decision makers and organisations to create strategic agility, innovation, and transformation ever since.

Dr. Jochen Kleeberg
Dr. Jochen Kleeberg

Dr. Jochen Kleeberg is founding partner and managing director of alpha portfolio advisors. He is responsible for manager selection. Until the end of 1996 he headed the German office of Barra International where he had been employed since 1991. Dr. Kleeberg studied business administration at the University of Münster where he also earned his doctor's degree in finance. He is a frequent speaker at industry conferences as well as seminars and is also co-editor of four handbooks all published by Uhlenbruch Verlag: "Hedge Funds" (2005), "Asset Allocation" (2003), "Portfolio Management" (2002) and "Spezialfonds" (2000).

Philipp Köster
Philipp Köster

Philipp Köster, Jahrgang 1972, ist Gründer und Chefredakteur des Fußballmagazins "11 Freunde". Er sammelt Trikots und Stadionhefte, kennt den rumänischen Meister von 1984 und kann die Startelf von Borussia Dortmund im Relegationsspiel 1986 gegen Fortuna Köln auswendig aufsagen. Außerdem ist er Autor zahlreicher Fußballbücher, unter anderem über die Geschichte der Fußball-Bundesliga, und wurde 2010 als "Sportjournalist des Jahres" ausgezeichnet. Und vor allem: Anhänger des ruhmreichen Zweitligisten Arminia Bielefeld. 

Dimitris Melas
Dimitris Melas

Dimitris Melas is Managing Director and Global Head of Equity Research at MSCI. Dimitris leads a team of researchers located in several cities around the world. The team develops all MSCI equity indexes and equity models and works with investors to help them integrate these tools into their investment process.
Prior to joining MSCI in 2006, Dimitris worked at HSBC Asset Management as Head of Research and Head of Quantitative Strategies. At HSBC, Dimitris was also a member of the Global Investment Strategy Group, the senior committee responsible for setting investment strategy and asset allocation policy.
Dimitris is a Chartered Financial Analyst (CFA) and holds an MSc in Electrical Engineering, an MBA in Finance, and a PhD in Financial Mathematics from the London School of Economics.
He currently serves as Editorial Board Member of the Journal of Portfolio Management and has published several research papers in academic and industry journals. His paper "Efficient Replication of Factor Returns" was voted "Best Index-Related Research Paper" at the 6th Annual William F. Sharpe Indexing Achievement Awards.

Andreas Metzen
Andreas Metzen

Andreas Metzen studied macroeconomics at the University of Cologne and the Stockholm School of Economics. After having graduated with distinction in 2008, he worked until December 2013 for Oppenheim Kapitalanlagegesellschaft as a senior analyst in the fields of risk analysis and performance measurement. Since January 2014, Andreas Metzen is managing director of Uhlenbruch GmbH.

Thorsten Michalik
Thorsten Michalik

Thorsten Michalik, Managing Director and Head of Global Client Group EMEA & APAC at Deutsche Asset Management in Frankfurt, joined the company in 2000 with 4 years of industry experience. Prior to his current role, Thorsten served as Head of Passive Asset Management for the Global Client Group. Before that, he was Global Head of db X-trackers and db-X ETC. Previously, he worked as Head of Warrants for Deutsche Securities Asia Limited and in Global Equity Derivatives Sales. Prior to joining, Thorsten was a Foreign Exchange Warrants Trader at UBS.
Thorsten Michalik holds a BA in Business and Management Administration from the Polytechnic of Konstanz.

James Montier
James Montier

James Montier is a member of GMO’s asset allocation team. Prior to joining GMO in 2009, he was co-head of Global Strategy at Société Générale. He is the author of several books including Behavioural Investing: A Practitioner’s Guide to Applying Behavioural Finance; Value Investing: Tools and Techniques for Intelligent Investment; and The Little Book of Behavioural Investing. James is a visiting fellow at the University of Durham and a fellow of the Royal Society of Arts. He holds a B.A. in Economics from Portsmouth University and an M.Sc. in Economics from Warwick University.

Dr Jürgen Odenius
Dr Jürgen Odenius

Jürgen Odenius, PhD, is a Managing Director and Economic Counsellor at PGIM Fixed Income. As a senior member of the Macroeconomic Team, Mr Odenius covers the European region and is responsible for building and enhancing the Firm’s country analytical framework. Mr Odenius joined PGIM Fixed Income in April, 2011 from the International Monetary Fund (IMF). As Mission Chief in the IMF’s European Department, he was responsible for several emerging and developed countries. Previously, he formulated the IMF’s macro outlook for Germany and extensively contributed to the IMF’s capital markets outlook. Earlier, he served as an emerging markets strategist at UBS and economist for SBC Warburg in London. Mr Odenius has authored numerous articles for the IMF’s Global Financial Stability Report and its country publications. He received a BA in Business and Economics from Bonn University in Germany, an MA in Economics from the European University Institute in Italy, and a PhD in Economics from the University of Pittsburgh.

Mag. Günther Schiendl
Mag. Günther Schiendl

Mag. Günther Schiendl ist seit 2008 im Vorstand der VBV Pensionskasse für Veranlagung, Verwaltung/ Mathematik, IT und Rechnungswesen/Controlling, zuständig. Im Vorstand der VBV Betriebliche Altersvorsorge AG verantwortet er die u.a. die Bereiche Veranlagung, IT und Strategieentwicklung. Er beschäftigt sich mit Pension Plan Design, Asset Liability Optimization sowie Asset Allocation und Investment Strategy. Die VBV Pensionskasse veranlagt über sechs Milliarden Euro, die VBV Gruppe über neun Milliarden Euro.
Von 2000 bis 2008 leitete Schiendl die Veranlagung der APK Pensionskasse und APK Vorsorgekasse. Als Leiter der Produktentwicklung der Wiener Börse führte der Veranlagungsexperte die CECE-Derivate und Index-Produkte ein. Schiendl war zudem für die Erweiterung der ATX-Indexfamilie und die Einführung des Immobilien-ATX verantwortlich. Von 1990 bis 1992 leitete er die Research-Abteilung der Bank Austria für österreichische Aktien.
Neben dem Master of Economics and Business Administration der Universität Innsbruck verfügt Günther Schiendl über einen CEFA-Abschluß. Als Mitglied des EDHEC-Risk Advisory Board der EDHEC Business School Nice leistet er einen aktiven Beitrag zur Lenkung der angewandten akademischen Finanzmarktforschung. Als ehemaliger Lektor in Finance an der WU Wien vermittelte er die Problemstellungen und Lösungen der Praxis an Studenten im Rahmen von Graduate und MBA Programmen und im Rahmen des CEFA-Lehrgangs der Österreichische Vereinigung für Finanzanalyse und Asset Management referierte und prüfte er bis 2015 den Themenbereich "Pension Fund Asset & Liability Management".
Schiendl ist darüber hinaus Mitglied des Vorstandes der Gesellschaft für Zukunftssicherung und Altersvorsorge – Denkwerkstatt St. Lambrecht, stellvertretender Vorsitzender des Aufsichtsrates der GHS Senior Housing AG und Mitglied des Investorenbeirates in zwei internationalen Immobilienfonds.

Dr. Andreas Schmidt-von Rhein
Dr. Andreas Schmidt-von Rhein

Dr. Andreas Schmidt-von Rhein ist seit 2014 bei der FERI-Gruppe (Bad Homburg) tätig und seit 2016 Vorstand der FEREAL AG, der deutschen AIF-KVG für Sachwertefonds der FERI Gruppe mit Schwerpunkt Immobilien, Private Equity und Infrastruktur. Weiterhin verantwortet er die FERI Services, die diverse gruppeninterne Dienstleistungen erbringt, wie z.B. Vermögensbuchhaltung oder Investment Controlling. Vorher leitete er bei Sal. Oppenheim (Köln) seit 1996 in verschiedenen Führungspositionen u.a. die Bereiche Performancecontrolling, Risikocontrolling und Risikomanagement für die institutionelle Vermögensverwaltung, zeitweise auch als Geschäftsführer für die Luxemburger Fondstochter und für das Private Banking von Sal. Oppenheim. Seit vielen Jahren beschäftigt er sich intensiv mit Fragen der Strategischen Asset Allocation, der Investmentprozessanalyse und des Investmentcontrollings. Herr Dr. Schmidt-von Rhein studierte Wirtschaftsinformatik an der Universität Bamberg und promovierte anschließend am Lehrstuhl für Finanzwirtschaft und Banken bei Prof. Dr. Rehkugler, Universität Freiburg. Er ist stellvertretender Vorsitzender des BVI Ausschusses "Risikomanagement und Performance" und Mitglied des GAMSC (German Asset Management Standards Committee, Nachfolger der DVFA-Kommission für Performance Presentation Standards). Er ist seit vielen Jahren Mitglied des deutschen Investment Performance Standards Committee (IPS) sowie stellvertretender Vorsitzender des BVI-Fachausschusses "Risikomanagement und Performance".

Prof. Dr. Philipp Schmitz
Prof. Dr. Philipp Schmitz

Prof. Dr. Philipp Schmitz ist Professor für Betriebswirtschaftslehre, insb. Finanzdienstleistungen an der Fachhochschule Aachen. Zuvor war er von Januar 2008 bis August 2014 Portfoliomanager bei Sal. Oppenheim. In dieser Funktion verantwortete er die Weiterentwicklung und Implementierung von quantitativen Multi-Asset-Wertsicherungsstrategien für institutionelle Mandate und im Risiko-Overlay-Management. Zudem war er für die Umsetzung derivativer Strategien auf der Aktien-Seite verantwortlich. Herr Prof. Dr. Schmitz studierte Betriebswirtschaftslehre an der RWTH Aachen und promovierte anschließend mit einer empirischen Arbeit zum Handelsverhalten von Investoren am Derivatemarkt bei Prof. Dr. Dr. h.c. Martin Weber an der Universität Mannheim. Zu dieser Zeit war er auch Mitglied im Sonderforschungsbereich "Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung" und in der Behavioral Finance Group.

Dr Theo Waigel
Dr Theo Waigel

Theo Waigel, geboren am 22. April 1939 in Oberrohr (Schwaben), absolvierte nach seinem Abitur in Krumbach im Jahr 1959 das Studium der Rechts- und Staatswissenschaften in München und Würzburg. 1967 schloss er das Studium mit einer Promotion und dem zweiten juristischen Staatsexamen ab und arbeitete als Gerichtsassessor bei der Staatsanwaltschaft am Landgericht München I. Von 1969 bis 1970 war Theo Waigel als persönlicher Referent von Anton Jaumann im Bayerischen Staatsministerium der Finanzen tätig, von 1970 bis 1972 im Bayerischen Staatsministerium für Wirtschaft und Verkehr.
Waigels politische Laufbahn begann als Kreisvorsitzender der Jungen Union Krumbach von 1961 bis 1970. In den Jahren 1966 bis 1972 war er auch Mitglied des Kreistages Krumbach. Zwischen 1967 und 1971 wirkte er außerdem als Bezirksvorsitzender der Jungen Union Schwaben, im Anschluss von 1971 bis 1975 als Landesvorsitzender der Jungen Union Bayern. Von 1973 bis 1988 fungierte er als Vorsitzender der Grundsatzkommission der CSU, in den Jahren 1987 und 1988 als Bezirksvorsitzender der CSU Schwaben. Von 1988 bis 1999 war Theo Waigel Vorsitzender der CSU.
Theo Waigel war von 1972 bis 2002 Mitglied des Bundestages. Im Oktober 1982 wurde er zum Vorsitzenden der CSU-Landesgruppe und zum 1. stellvertretenden Vorsitzenden der CDU/CSU-Fraktion gewählt. Den Vorsitz hatte er bis zum 21. April 1989 inne, als er zum Bundesminister der Finanzen berufen wurde. Das Amt begleitete er bis zum 26. Oktober 1998.
In den Jahren 1999 bis 2014 war Waigel für die Kanzlei GSK Stockmann + Kollegen tätig. Seit 2016 wirkt er als Of-Counsel in der Kanzlei WAIGEL Rechtsanwälte in München. Zwischen 2009 und 2012 fungierte er als Compliance Monitor bei Siemens. Theo Waigel ist katholisch, verheiratet und hat drei Kinder.

Rainer Weidt
Rainer Weidt

Rainer started his career in banking at Deutsche Bank and DG Bank. Last years of his time with DG Bank he was responsible for relationship and corporate finance management for large corporate clients in the area of North-Rhine-Westphalia. Curiosity brought him to SCHOTT AG where he successfully led and further developed Corporate Treasury activities. Since ten years he has been in charge for Corporate Treasury Risk- & Insurance Management at Vorwerk & Co. KG. Rainer holds a degree in banking economics (Bankbetriebswirt).

Andrew Wilson
Andrew Wilson

Andrew is chief executive officer of Goldman Sachs Asset Management International (GSAMI) for EMEA and cohead of the Global Fixed Income and Liquidity Solutions team. He is a member of the Partnership Committee, European Management Committee, EMEA Conduct Risk Committee and GSAM Operating Committee, and serves on the board of GSAMI.
Andrew is a sponsor of the Disability Interest Forum EMEA and is a Goldman Sachs representative of the Employers’ Forum on Disability. He is also a member of the Senior Diversity Council.
Andrew joined Goldman Sachs in 1995 as a vice president in Global Fixed Income and was named managing director in 1999 and partner in 2006. Prior to joining the firm, Andrew worked at the Bank of England and the Reserve Bank of New Zealand. From 1993 to 1995, he worked at Rothschild Asset Management.
Andrew earned an MA from the University of Canterbury, Christchurch, New Zealand, in 1984.

Venue and Hotels

Venue is the Hotel Hilton Frankfurt City Centre in Frankfurt am Main.

Hilton Frankfurt City Centre
Hochstraße 4
60313 Frankfurt am Main

Telefon +49 69 133 80 23 05
Fax +49 69 13 38 20

A limited number of rooms has been allocated at the Hilton Frankfurt City Centre.
The room rat is € 240.- per single room incl. breakfast per night.

Email for reservation: reservationteam.frankfurt@hilton.com
Phone: +49 69 13380 2323

Please reserve directly with the hotel, making reference to this conference (keyword: 21st Annual Portfolio Management Conference). Please note: The attendance fee does not include accommodation costs.

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