Public disclosure of inside information according to article 17 MAR
Fritz Nols AG: Da Vinci increases Assets under Management
Frankfurt am Main
(pta011/27.01.2017/09:00 UTC+1)
Fritz Nols AG is planning to consolidate the Swiss asset management business of the 100% daughter company Da Vinci Invest AG into the Innovative Investment Solutions GmbH. The consolidation will reduce the regulatory costs and might open up new business opportunities. The transaction is subject to BAFIN approval. The assets under management (AUM) of Da Vinci more than doubled in 2016 due to new inflows and new funds.
Founded in 1975, Fritz Nols AG was a traditional German floor brokerage company now specializing in capital market advice by listing SMEs, M&A and issuance of corporate bonds from small and medium-sized enterprises (SMEs). The 100% subsidiary Da Vinci Invest AG manages investment funds in Singapore and Cayman Islands, specialized in the investment strategy Distressed & Special Situations (companies in difficult phases mainly in the financial services sector) and the HFT related investment strategy Systematic Quantitative CTA (news-related quantitative systems). By acquiring and consolidating financial services companies like distressed asset managers and banks, Fritz Nols AG is generating value by centralising compliance, risk management, portfolio management, marketing and administration.
Disclaimer
This document contains forward-looking statements on overall economic development as well as the business, earnings, financial and asset situation of Fritz Nols AG. These statements are based on current plans, estimates, forecasts and expectations of the company and are thus subject to risks and uncertainties that may cause the actual much expected from the development differs. The forward-looking statements to have the time of publication validity. The Fritz Nols AG does not intend to update the forward-looking statements and assumes no obligation. Furthermore, no guarantee for the future business development can be adopted. Maybe the records enter developments that lead to various projects as planned can not be realized or investments turn out to be a non-sense. The Fritz Nols AG assumes no liability.
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Emitter: |
Fritz Nols AG Bleichstraße 2-4 60313 Frankfurt am Main Germany |
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Contact Person: | Hendrik Klein | |
Phone: | +49 30 120 856 33 | |
E-Mail: | hk@fritznols.com | |
Website: | www.fritznols.com | |
ISIN(s): | DE0005070908 (Share) | |
Stock Exchange(s): | Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Stuttgart |