Albourne opened its 13th regional office today in Munich, Germany.
Simon Ruddick CEO of Albourne Partners stated: “Germany represents the world’s fourth largest economy and while investor interest for hedge funds and private equity have been developing relatively slowly, we see some encouraging indications of a change in perception and believe Germany will develop into a meaningful market for Albourne”.
The office will service clients in the German speaking part of Europe and will be run by Peter Neumayer who used to run Germany’s largest hedge fund and will also serve as analyst for multi strategy funds.
Bernhard Steege who co-heads the effort in Germany gained experience as manager of a proprietary hedge fund portfolio and will also advise APL clients on portfolio construction.
Simon Ruddick: “Munich is a diversified location for financial services and since we managed to attract very talented individuals we’ll ultimately be rewarded for delivering outstanding independent advice, particularly in difficult times.”
