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Mainberg Asset Management Press Release - Best European Special Situations Fund based in Frankfurt

DGAP-News: Donner & Reuschel AG, D&R Vermögensverwalter HUB / Key word(s): Funds/Funds
11.03.2021 / 08:33
The issuer is solely responsible for the content of this announcement.

Mainberg Asset Management Press Release

Best European Special Situations Fund based in Frankfurt

- Mainberg Special Situations Fund HI receives UCITS Hedge Award 2021

- Honoured for best performance in 2020 and over two-year period

- Continued high volume of M&A activity in Europe

Frankfurt, 11 March 2021. The London UK-based industry publication "The Hedge Fund Journal" has awarded its UCITS Hedge Award 2021 for the best European Special Situations fund in 2020 and over a two-year period to the Mainberg Special Situations Fund HI (ISIN DE000A2JQH97 / WKN A2JQH9), thereby recognising the value appreciation of the fund in 2020 and over the last two years. The fund's performance in 2020 amounted to 7.68%. Since inception at the beginning of 2019 its mean performance was 6.50%. This performance was achieved at very limited risk, with risk parameters superior to those of its peers. For example, the setback of general equity markets in March 2020 only impacted performance by less than a quarter of the overall market decline.

Hamlin Lovell, Contributing Editor of The Hedge Fund Journal commented: "I would like to congratulate Mainberg Asset Management on having won our UCITS Hedge Award 2021 for best risk-adjusted returns in the European Special Situations strategy category in 2020 and over the last two years ending in December 2020. Rudolf Ferscha and Robert Hillmann hit the ground running with a well-defined mandate and disciplined management of their UCITS fund after developing their Special Situations investment strategy and style over a decade of serving professional investors. The Mainberg Special Situations Fund has combined absolute outperformance with attractive risk characteristics and has delivered superior returns and low correlation with the general market since inception."

Special Situations as a Prime Opportunity for Investments
Mainberg Special Situations Fund HI invests in equity opportunities created by M&A and other Special Situations like domination and profit transfer agreements and changes of legal form. Special Situations investments excel at offering asymmetrical risk profiles with opportunities of value appreciation despite limited risk. Such opportunities include higher counter-offers or offer increases in bid situations, alternatively through legal proceedings leading to top-up payments in squeeze-outs. Simultaneously, special situations investments do not suffer proportionately from equity market setbacks, as for example in cash bids share prices are supported by the acquisition price. "We very highly value the UCITS Hedge Award for our UCITS Special Situations Fund. By offering a UCITS structure we make our proven strategies available to a wider investor universe, and in a risk-optimised fashion. The whole team is grateful to be honoured in such a special way for the first two years of hard work following the launch of our UCITS fund" said Rudolf Ferscha and Robert Hillmann, the Mainberg Asset Management founders und seed-investors of the Mainberg Special Situations UCITS Fund.

The experts at Mainberg Asset Management have invested in Special Situations for more than 15 years and identify opportunities that are not easily recognisable without such background and experience. Mainberg only invests using official, publicly available transaction information.

Low Interest Rate Environment creates Opportunities for Years to come

Robert Hillmann expects a continued trend of growing transaction numbers in 2021 and beyond. "We are fully invested and see a high number of opportunities on the horizon. There is a wealth of capital available for M&A, with private equity funds having collected record amounts to be invested in acquisitions. Institutional investors are pressured to achieve attractive returns despite interest rates in negative territory. All of this is strong tail wind for Special Situations investments for years to come."

The fund is particularly well suited for investors who are interested in attractive returns and equally risk conscious, therefore preferring absolute returns largely uncorrelated to the general equity markets. This asymmetrical risk profile cannot be synthetically replicated as a combination of other financial instruments and therefore delivers genuine diversification effects for any type of portfolio.

Experienced Partners Hansainvest, Netfonds and Donner & Reuschel

"We are particularly grateful to our partners Hansainvest, Netfonds and Donner & Reuschel, through whom we can offer our investors a solid and proven investment infrastructure and additional quality assurance. They have significantly contributed to our successful UCITS launch and to the positive development of the fund" Rudolf Ferscha added.

About Mainberg Asset Management

Mainberg Asset Management was founded by Rudolf Ferscha and Robert Hillmann in 2018 and advises the Mainberg Special Situations Fund HI. The founders have decades of capital markets experience in Special Situations like M&A and squeeze-out procedures. They have an extensive network of experienced analysts and advisers. Rudolf Ferscha, previously a management board member of Goldman Sachs Bank in Frankfurt and of Deutsche Börse AG, also served as CEO of derivatives exchange Eurex and as chairman of the management board of the Frankfurt Stock Exchange. In 2006 he founded Gledhow Capital Partners, specializing in investments in capital markets technology and infrastructure companies, who in 2012 were joined by Robert Hillmann as Special Situations Partner. Robert by that stage had held professional roles with Credit Suisse (Deutschland) AG and at a Zurich based hedge fund advisory firm. Originally working in academic capital markets research, Robert Hillmann has focused on Special Situations since 2003.

For more information:


Robert Hillmann                                 Rudolf Ferscha


Dr. Robert Hillmann

Managing Director

Mainberg Asset Management GmbH

Bockenheimer Landstraße 2-4

60306 Frankfurt am Main


Tel: +49 69 273156170

Media Contact:

Susanne Schönefuß - Machen Sie sich einen Namen

Tel: +49 211 92416600


Important Risk Information

This document is intended for private and professional investors and is for general information purposes only. The information herein does not take into consideration the personal investment objectives, financial situation or special requirements of any particular investor. All securities and sectors mentioned herein are for illustrative purposes only and should not be construed as investment recommendations. Investments involve risk. Past performance is not indicative of future performance. The Prospectus and the Key Investment Terms and Conditions are available in electronic form at

11.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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