Ist die Inflation gekommen, um zu bleiben?

 

Die Inflation ist in Deutschland im Juli um 3,8% gestiegen. Dies ist der höchste Wert seit 1993. In den USA beträgt die Inflation sogar über 5%. Ist dieser Preisanstieg nur auf Sondereffekte zurückzuführen, oder ist die Inflation gekommen, um zu bleiben und was bedeutet dies für Anleger?

News

 

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ABOUT US

Gridl Asset Management GmbH is a family-run investment advisory firm independent from banks, which focusses on absolute return multi-asset class strategies. The company is owned and managed by Manfred and Marion Gridl. Both have many years of experience in asset management, fund management and relationship management. Being independent of banks means that investment recommendations can always be made in the best interest of the fund’s investment performance and thus of the customer.

Marion Gridl

… has more than 25 years experience in the financial industry. She spent more than 20 years in fixed income fund management, income fund management, focusing on corporate and convertible bonds as well as high-yield bonds, and is therefore a proven expert in this asset class. After her banking apprenticeship at Sparkasse Freiburg, she worked for several years as a relationship manager. She has a master degree in Economics from the University of Freiburg, and studied Bank Management at the University of Basel. She is moreover a certified asset manager (having graduated from the DIA at Freiburg University) and a CFA Charterholder.

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  • Co-founder and managing director Gridl Asset Management GmbH
  • Worked at Credit Suisse AG in Zurich for ten years as a Senior Portfolio Manager, in the areas of corporate bonds, convertibles and high-yield with reference currencies Euro and US dollars
  • Distinguished with a four-star rating from Morningstar and a Citywire rating of AA for the successful management of a global bond fund (in USD)
  • Long-term experience in determining the interest rate and duration strategy as well as in the analysis of corporate bonds
  • Five years at Deka Investment GmbH, Frankfurt am Main, as a responsible fund manager for convertibles and a research manager for global bonds
  • Qualified as a bank clerk and several years’ experience as a relationship manager at Sparkasse Freiburg

Manfred Gridl

… can look back on over 23 years of professional experience in asset management and fund management at prestigious national and international addresses. For the last 15 years, he has focused mainly on managing multi-asset class solutions and on absolute return oriented investment strategies. He also has many years experience in single stock analysis. He has a master degree in Business Administration and in Industrial Engineering (from the Technical University of Dresden) and is a CFA Charterholder.

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  • Co-founder and managing director Gridl Asset Management GmbH
  • More than eight years’ experience with Credit Suisse AG in Zurich as a Team Leader and Senior Portfolio Manager for institutional and ultra-high-net-worth clients (incl. family offices), focusing on absolute return oriented investment strategies
  • Co-manager of the global Investment Committee for absolute return investment solutions
  • Head of the global Stock Selection Team for institutional multi-asset class solutions
  • Three years as the Senior Portfolio Manager for Bank Sarasin & Cie AG, Zurich, responsible for global multi-asset class funds, management of individual mandates and market responsibility for the Euro and US stock selection.
  • Five years’ employment with Deka Investment GmbH in Frankfurt. Global and US share market strategist as well as funds manager for global and US equity funds
  • Two years as Management Assistant at Allianz Asset Management GmbH in Munich

NOTE:: The investment advice pursuant to section 1 (1a) no. 1 a KWG and the investment placement pursuant to section 1 (1a) no. 1 KWG shall be carried out in the name, on account and under the liability of the liable partner BN & Partners Capital AG, Steinstraße 33, 50374 Erftstadt, pursuant to section 2 (10) KWG. BN & Partners Capital AG is authorized by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) pursuant to § 32 KWG for the aforementioned financial services.

PHILOSOPHY

Our view of the world and our market assessments are independent and free from the influence of any third parties. They are the cornerstones of our investment recommendations, in which we always focus on the value of the assets and a stable increase in the value of the assets entrusted to us. The launch of Gridl Global Macro UI signifies the birth of a new, innovative fund product for private and institutional investors, which reflects our investment opinions.

 

The investment objective of our company is to generate the highest possible increase in value of invested capital, while at the same time generating regular attractive dividends, with limited dependence on the performance of traditional investment categories. The company thereby aims to generate a minimum return of Euribor (3 months) + 3.00% in the medium term.

 

The company’s investment strategy is based primarily on a macroeconomic top-down approach, which reflects the philosophy of Gridl Asset Management. Based on this analysis we derive and define a Tactical Asset Allocation (TAA).

 

A decision must then be made when implementing the TAA as to whether to construct a stable “basic portfolio” or a more dynamic “satellite portfolio”. The aim of the basic portfolio is to generate returns of around 2.0% p.a. with the lowest possible fluctuation. Depending on market assessments, the basic portfolio will generally make up between 30% and 70% of the funds under management. With individual investments, the focus is on bonds with short and medium-term maturities, defensive stocks or even on dividend-paying stocks. The satellite portfolio focusses instead on special themes and aims for returns of between 6% and 9% p.a.. These generally account for between 30% and 70% of the funds under management. Such investments can consists of, for example, high-yield bonds, emerging market investments (stocks and bonds), opportunistic equity investments or even special industry-specific or thematic investments.

 

For the legal and organisational realisation of our fund, we were able to win over some of the most prominent enterprises in the Germans-speaking world, including Universal Investment GmbH, Universal Investment, Donner & Reuschel Aktiengesellschaft, and BN & Partners Capital AG. and BN & Partners Capital AG.

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With managed assets amounting to more than 700 billion euros, in excess of 2,000 public and special funds mandates and around 1,000 employees, Universal Investment is one of the largest independent asset management companies (AMC) in the German-speaking world. The company concentrates on offering services in administration, insourcing and risk management for the purposes of efficient and risk-based management of funds, securities, alternative investments and real estate.

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Donner & Reuschel Privatbank AG is one of the oldest banks in the world and has been part of the Signal Iduna Group since 1990. DONNER & REUSCHEL acts as depositary and custodian bank for our fund and supports marketing and sales.

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BN & Partners is a specialist in the field of liability limitation. The company is closely connected to the free consultancy market and offers services for qualified consultants, financial sales companies and financial planners. BN & Partners also provides support in planning and implementing a registration pursuant to KWG (the German Banking Act) with individual consultation and numerous professional system modules from the Financial Services, Private Banking and Investment Banking sectors.

ENVIRONMENT SOCIAL GOVERNANCE (ESG)

Transparenzvorschriften aus der EU-Offenlegungsverordnung

Gridl Asset Management GmbH is a contractually bound agent of BN & Partners Capital AG in accordance with Section 2 (10) KWG. The mandatory information according to the EU Disclosure Regulation of BN & Partners Capital AG as an investment firm / financial advisor can be found here. https://www.bnpartner.com/esg.html