Lloyd Fund

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Lloyd Fonds AG

logo
legal form Corporation
ISIN DE000A12UP29
founding 1995
Seat Hamburg , Germany
management
  • Achim Plate (board member)
  • Michael Schmidt (board member)
  • Stefan Rindfleisch (Chairman of the Supervisory Board)
  • Oliver Heine (Deputy Chairman of the Supervisory Board)
  • Wolfgang Henseler (member of the supervisory board)
  • Jörg Ohlsen (member of the supervisory board)
  • Peter Zahn (member of the supervisory board)
Number of employees 74 (December 31, 2019)
sales 14.1 million euros (sales and financial result) (2019)
Website www.lloydfonds.de

The Lloyd Fonds AG is a bank-independent asset managers and active asset manager headquartered in Hamburg . In the past, Lloyd Fonds made over 100 investments, mainly in real assets, with a total volume of around 5 billion euros. In August 2018, the realignment of business activities on wealth management, own, was actively managed liquid mutual funds and digital portfolio management decided.

history

"Lloyd Fonds Gesellschaft für Unternehmensbeteiligungen mbH & Co. KG" was founded in 1995. In 1999, the subsidiary Lloyd Treuhand GmbH was founded, which has been responsible for investor support ever since. Lloyd Fonds has had a branch in Munich since November 2018 and in Frankfurt since April 2019.

Activity as an issuing house

From 1995 the company conceived and sold closed funds in the maritime sector . With the real estate fund "Four Retail Properties in Northern Germany", the company expanded its range of investments in 1999 to include real estate. In 2002, Lloyd Fonds AG launched the first wind energy fund (for a wind farm in Coppanz, Thuringia ). The British capital life insurance market entered the market in 2004. In 2006, Lloyd Fonds AG and another issuing house placed a private equity fund. In 2007 the company's first hotel real estate fund and the first aircraft investment were launched. Lloyd Fonds AG launched the latest of the current twelve real estate funds in 2012.

Activity as asset manager and provider of mutual funds

Since the 2nd quarter of 2019, the focus of the company's activities has been on its own, actively managed retail fund line, digital portfolio management and individual asset management. Since April 1 of this year, Lloyd Fonds has been offering open-ended investment funds ( equity , bond and mixed funds ). As part of the realignment, Lloyd Fonds took over 90% of the shares in Hamburger Vermögensverwaltung Lange Assets & Consulting GmbH in November 2019 , which manages a public fund close to the money market and assets worth around EUR 350 million.

By taking over 90% of the shares in December 2019, the Hamburg-based investment company SPSW Capital GmbH was incorporated. The company manages two mutual funds and one hedge fund with client assets of around 650 million euros.

LAIC Vermögensverwaltung GmbH was founded in 2019 for the digital offer of Lloyd Fonds AG, which started operations at the end of March 2020 after receiving the 32 KWG license from BaFin . In April 2020, Lloyd Fonds launched the digital asset manager “LAIC Advisor”.

Corporation

In 2001 the company's legal form was changed to that of a stock corporation. In 2005, Lloyd Fonds AG was listed in the Prime Standard of Official Trading on the Frankfurt Stock Exchange. In October 2012 the company switched to the Entry Standard and then from March 2017 to the newly created Scale segment of Deutsche Börse.

In 2011, Lloyd Fonds AG strengthened its equity base through a capital increase that was implemented through the issue of new shares. The ACP Fund V LCC fund launched by the American investor AMA Capital Partners acquired the majority of the shares. With a capital share of 49.9%, AMA became the company's main investor. In 2018, Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DEWB), Jena, took over slightly more than half of these shares from AMA Capital Partners as part of an over-the-counter share purchase agreement. AMA sold the remaining Lloyd Fonds shares it owned to investment funds managed by SPSW Capital GmbH Hamburg, a portfolio manager closely related to DEWB. Another 10 percent capital increase by way of the private placement of new shares took place in June 2018.

Lloyd Fonds financed the acquisition of Lange Assets & Consulting GmbH , which was completed in November 2019, through a capital increase against contribution in kind: Part of the purchase price for the asset manager was paid in the form of 193,608 newly issued Lloyd Fonds shares.

In connection with the contribution of SPSW Capital , a mixed capital increase took place in December 2019: First, 1,500,000 new shares with a total value of EUR 8 million were placed, the proceeds of which were used to finance the cash compensation for the acquisition of the investment manager. In the course of the subsequent capital increase in kind , the previous shareholders of SPSW Capital also received 1,500,000 newly issued Lloyd-Fonds shares. This increased the share capital of Lloyd Fonds AG to EUR 13,265,914.

management

Torsten Teichert has been a member of the Lloyd Fonds AG Management Board since 2001. After a change in management at the end of 2017, Klaus M. Pinter became sole director on January 1, 2018. Since July 1, 2018, there has been a second position on the Management Board, which Jochen Sturtzkopf held as Chief Sales Officer until December 31, 2019. Klaus M. Pinter has been Chief Financial Officer since then . In connection with the realignment of the company to become an active asset manager and provider of open-ended investment funds, Michael Schmidt took up the position of third member of the board ( Chief Investment Officer ) on April 1, 2019 .

Achim Plate has been Chief Executive Officer ( CEO ) since January 1, 2020 . He is responsible for the company's strategy, the LF system (digital portfolio management) division and sales. Klaus M. Pinter's board mandate ended with effect from April 15, 2020. CEO Achim Plate took over his duties as CFO.

share

Lloyd Fonds AG shares have been traded on the stock exchange since 2005 and have been listed in the newly created Scale segment for small and medium-sized companies since March 2017 . The most important shareholder of Lloyd Fonds AG is Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG (DEWB); it held around 25.65% of the shares directly or, since October 2018, indirectly via its subsidiary DEWB Effekten GmbH . In connection with the capital increase in December 2019, DEWB's shareholdings fell below 25%.

Products and business

Lloyd Fonds AG was founded as an investment and asset manager for tangible assets. The investment spectrum of the around 100 funds implemented to date includes shipping, real estate, British endowment insurance , private equity , renewable energies , aircraft and portfolio funds. Since 2012 the company has focused on the two asset classes of shipping and real estate.

To date, several real estate investments with an investment volume of around 600 million euros, over a hundred ships (4 billion euros) and four aircraft funds (350 million euros) have been financed. Together with investments in wind farms (56 million euros), British life insurance companies (270 million euros) and private equity (22 million euros), the total volume is over 5 billion euros. Lloyd Treuhand GmbH manages the capital of around 53,000 fund investors.

Lloyd Fonds AG's activities include fund design, prospecting, sales, portfolio management, ongoing asset and risk management and investor support. In addition, the company provides services such as advice and transaction management in the real estate sector.

Digital asset management

Lloyd Fonds has been offering a digital investment solution for private customers under the dual brand LAIC since April 2020. The individual custody accounts are managed by the LAIC advisor, an artificial intelligence-controlled algorithm that compiles individual investment portfolios from around 10,000 actively managed mutual funds and around 400 ETFs . According to the company, LAIC distinguishes itself from other robo-advisor providers through its focus on actively managed funds; ETFs are therefore only added to optimize costs.

swell

Individual evidence

  1. ↑ a b Board of Directors. lloydfonds.de, accessed on May 1, 2020 .
  2. ↑ Supervisory Board. lloydfonds.de, accessed on July 8, 2019 .
  3. ↑ a b Annual Report 2018 (PDF for download). Lloyd Fonds AG, accessed on May 1, 2020 .
  4. ^ A b Holger Steffen: Lloyd Fonds: Transformation before the conclusion. Share check, December 20, 2019, accessed on February 15, 2020 .
  5. ↑ DEWB AG: Interview with board member Bertram Köhler at the Munich capital market conference. Finanztrends.info, January 20, 2020, accessed February 15, 2020 .
  6. ↑ Lloyd Fonds with new Hamburg headquarters "An der Alster 42". Lloyd Fonds AG, October 29, 2019, accessed on February 15, 2020 .
  7. ↑ Annual Report 2017 (PDF for download). Lloyd Fonds AG, accessed on May 1, 2020 .
  8. ↑ Annual General Meeting 2018 of Lloyd Fonds AG with broad support for realignment to become an active asset manager. Lloyd Fonds AG, August 17, 2018, accessed on April 14, 2020 .
  9. ↑ Christian Hilmes: Lloyd Fonds takes investment manager and rebuilds companies. The Investment, September 17, 2018, accessed February 15, 2020 .
  10. ^ Jürgen Hoffmann: Lloyd Fonds AG tries a new start with a new model. Welt, April 27, 2019, accessed February 15, 2020 .
  11. ^ Lloyd Treuhand. Lloyd Treuhand GmbH, accessed on May 28, 2018 .
  12. ↑ Lloyd Fonds wins three experienced fund managers for Munich. Deal Magazine, November 22, 2018, accessed December 18, 2018 .
  13. ↑ Tim Habicht: Lloyd Fonds hires Head of Sales, opens an office in Frankfurt and starts four funds. Citywire, April 2, 2019, accessed February 15, 2020 .
  14. ↑ Lloyd Fonds AG: Retail fund sells property in Hamburg-Hamm (press release). Lloyd Fonds AG, January 30, 2015, accessed May 28, 2018 .
  15. ↑ Lloyd Fonds: Coppanz wind farm performs successfully. DFPA, September 15, 2015, accessed February 15, 2020 .
  16. ↑ British Capital Life I. Participation Finder - CSB GmbH, accessed on February 15, 2020 .
  17. ↑ Global Partnership I (Lloyd Fonds). Participation finder - CSB GmbH, accessed on February 15, 2020 .
  18. ↑ Business Hotel Hamburg / Holiday Hotel Sylt. Participation finder - CSB GmbH closed fund brokerage, accessed on February 15, 2020 .
  19. ↑ Emmeline. CSB GmbH Closed Fund Brokerage, accessed on February 14, 2020 .
  20. ↑ Leo Fischer: Tax savers fly on aircraft leasing. Lloyd fund “Emmeline” fully placed before the official start of sales. Welt, April 17, 2007, accessed May 28, 2018 .
  21. ↑ Lloyd Fonds buys office property in Bremen. Cash.Online Finanznachrichten, September 13, 2012, accessed May 28, 2018 .
  22. ↑ Lloyd Fonds decides to completely renovate - ambitious goals. Fund Professionell, August 20, 2018, accessed September 1, 2018 .
  23. ↑ a b Lloyd Fonds AG starts with 4 retail funds. Lloyd Fonds AG, April 1, 2019, accessed on February 15, 2020 .
  24. ↑ Lloyd Fonds AG acquires a majority stake in Hamburg asset management with EUR 350 million AuM. Lloyd Fonds AG, December 4, 2018, accessed February 15, 2020 .
  25. ↑ Publishing heirs sell asset managers to Lloyd Fonds. Fund Check, December 5, 2018, accessed December 18, 2018 .
  26. ↑ a b Lloyd Fonds receives BaFin approval to take over 90 percent of Lange Assets & Consulting GmbH. Marketscreener, September 16, 2019, accessed February 15, 2020 .
  27. ↑ a b Lloyd Fonds AG: subscription period for new shares from a cash capital increase starts on November 22, 2019. Lloyd Fonds AG, November 20, 2019, accessed on February 15, 2020 .
  28. ↑ Lloyd Fonds swallows SPSW Capital. Fund Professionell, April 26, 2019, accessed on May 14, 2019 .
  29. ↑ Lloyd Fonds AG receives BaFin approval to take over 90 percent of the shares in SPSW Capital GmbH. DGAP, October 2, 2019, accessed February 15, 2020 .
  30. ^ A b Lloyd Fonds: SPSW Capital GmbH part of the Lloyd Fonds Group. Bond check, December 20, 2019, accessed on February 15, 2020 .
  31. ↑ a b Norbert Wulf: After receiving the BaFin license: Lloyd Fonds starts digital asset manager. www.dasinvestment.com, March 27, 2020, accessed May 1, 2020 .
  32. ↑ Lloyd Fonds launches robo-advisor. www.dasinvestment.com, April 14, 2020, accessed May 1, 2020 .
  33. ↑ Lloyd Fonds: Capital increase of 15 million euros with US investor (press release). Lloyd Fonds AG, October 24, 2011, accessed on May 28, 2018 .
  34. ↑ AMA holds 49.9 percent of Lloyd Fonds. Cash.Online Finanznachrichten, December 27, 2011, accessed May 28, 2018 .
  35. ^ Ansgar Neisius: Lloyd Fonds is completely exempt from liability. Das Investment, January 12, 2012, accessed May 28, 2018 .
  36. ↑ New major shareholder for Lloyd Fonds. Cash.Online Finanznachrichten, March 9, 2018, accessed May 28, 2018 .
  37. ↑ Lloyd Fonds AG successfully places capital increase. Lloyd Fonds AG, June 14, 2018, accessed September 1, 2018 .
  38. ↑ Lloyd Fonds AG resolves to conclude a contribution agreement and a capital increase in kind for the acquisition of Lange Assets & Consulting GmbH. Marketscreener, December 4, 2018, accessed February 4, 2020 .
  39. ↑ a b c Lloyd Fonds AG: capital increase oversubscribed and successfully placed; Supervisory board appoints Achim Plate as CEO. DGAP, December 17, 2019, accessed February 4, 2020 .
  40. ↑ Freshfields advised Lloyd Fonds on capital measures for the acquisition of SPSW Capital. RWS-Verlag, December 23, 2019, accessed on February 15, 2020 .
  41. ↑ Florian Burghardt: Trouble at Lloyd Fonds: The boss has to go. Das Investment, December 13, 2017, accessed on May 28, 2018 .
  42. ↑ Change of management: Klaus M. Pinter becomes sole director of Lloyd Fonds AG (press release). Lloyd Fonds AG, December 27, 2017, accessed on May 28, 2018 .
  43. ^ Board of Directors of Lloyd Fonds AG. Klaus M. Pinter. Lloyd Fonds AG, accessed on May 28, 2018 .
  44. ↑ Lloyd Fonds reorganizes the Executive Board. Finanzwelt, July 2, 2018, accessed February 15, 2020 .
  45. ↑ The restructuring at Lloyd Fonds continues. Finanzwelt, September 17, 2018, accessed February 15, 2020 .
  46. ↑ You should watch out for these investors in 2020. Lloyd Fonds - Achim Plate. Manager-Magazin, December 23, 2019, accessed February 15, 2020 .
  47. ^ Christian Hilmes: Klaus M. Pinter: Lloyd Fonds renounces CFO. www.dasinvestment.com, April 9, 2020, accessed May 1, 2020 .
  48. ↑ Deutsche Effecten- und Wechsel- Beteiligungsgesellschaft AG: DEWB publishes half-year results 2018. dgap.de, September 20, 2018, accessed on October 11, 2018 .
  49. ^ Gereon Kruse: Lloyd Fonds / DEWB: Completely new perspectives. boersengefluester.de, March 9, 2018, accessed May 28, 2018 .
  50. ↑ Annual Report 2018 (PDF for download). Lloyd Fonds AG, accessed on May 1, 2020 .
  51. ↑ Shareholder structure. Lloyd Fonds AG, accessed February 15, 2020 .
  52. ^ Issuing house: Lloyd Fonds. CSB GmbH Closed Fund Brokerage, accessed on May 28, 2018 .
  53. ↑ Real estate investments by Lloyd Fonds AG. Lloyd Fonds AG, accessed on May 28, 2018 .
  54. ↑ Asset management of Lloyd Fonds AG (shipping). (No longer available online.) Lloyd Fonds AG, formerly in the original ; accessed on May 28, 2018 .  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Toter Link / www.lloydfonds.de  
  55. ↑ Asset management of Lloyd Fonds AG (aviation). (No longer available online.) Lloyd Fonds AG, formerly in the original ; accessed on May 28, 2018 .  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Toter Link / www.lloydfonds.de  
  56. ↑ Extensive asset expertise for UK life insurance, private equity and wind power. (No longer available online.) Lloyd Fonds AG, formerly in the original ; accessed on May 28, 2018 .  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Toter Link / www.lloydfonds.de  
  57. ↑ Annual Report 2012 (for download). Lloyd Fonds AG, accessed on May 28, 2018 .
  58. ↑ Transaction Management of the Lloyd Fonds Group. (No longer available online.) Lloyd Fonds AG, formerly in the original ; accessed on May 28, 2018 .  ( Page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Toter Link / www.lloydfonds.de  
  59. ↑ LAIC Digital Wealth Solutions. LAIC Vermögensveraltung, accessed on May 1, 2020 .
  60. ↑ Torsten Lehmann: Lloyd Fonds launches new robo-advisor. www.fondsdiscount.de, April 2, 2020, accessed on May 1, 2020 .
  61. ↑ Johannes Stoffels: Lloyd Fonds: "Digital asset solutions offer high innovation potential". www.4investors.de, December 6, 2019, accessed on May 1, 2020 .

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