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Alternative Market Briefing

Investment manager Flossbach & von Storch appoints Dirk van den Berg as family office MD, firm to distribute Tectum FoHFs in Germany

Friday, February 05, 2010

From Florian Guldner, Opalesque Europe:

Cologne-based investment management firm Flossbach & von Storch yesterday announced the addition of Dirk van den Berg as managing director of FvS Family Office GmbH, the firm's multi-family office.

“We are happy to expand our management team with the addition of Mr. van den Berg, a recognized expert in the field of sophisticated family wealth management over all assets classes,” company founders Dr. Bert Flossbach and Kurt von Storch said. “The addition of Dirk van den Berg helps us to further strengthen our family office, which oversees large pools of family wealth individually, independently and with profound knowledge of capital markets,” Kurt von Storch added.

Dirk van den Berg joins Flossbach & von Storch from Oppenheim Vermögenstreuhand GmbH, where he was responsible for asset allocation and investment strategies. Previous to that, he held management positions at Sarasin Europe S.A. and Sal. Oppenheim jr. & Cie. S.C.A. for 12 years.

Flossbach & von Storch AG is one of Germany´s leading independent investment management firms and was founded in Cologne in 1998. The firm now employs forty people and handles assets of over €2.5bn ($3.4bn).

The firm is also advisor to Tectum Global Hedge, a Luxembourg FoHFs which invests its AuM (currently €106m or $145m) in 15 hedge funds.

The fund targets an annual return of 7% - 8%; it gained about 7% in 2007, ended the crisis year of 2008 down 6% and w......................

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