Kai Diekmann's "Zukunftsfonds" suggests a false start
Kai Diekmann, the former head of the Bild newspaper, set up a future fund three weeks ago. According to this, it should collect an investment of up to 20 billion euros . But the balance after the first three weeks is modest.
Future Fund misses the goals set
The former investment banker Lenny Fischer and Kai Diekann, former head of the Bild newspaper, launched a future fund three weeks ago. This started with great ambitions, but is now difficult to get going. According to Finanz-Szene.de, an industry newsletter, the fund currently manages only a fortune of 12.01 million euros . Already at the time of issue three weeks ago, this value amounted to 11.97 million euros, so that hardly any new interested parties were found.
The first glance suggests that the Future Fund could attract only a few ten thousand euros from the investors. However, it has to be taken into account here that the development of assets under management (AuM) is not the same as the inflow of fresh money. Accordingly, the current price developments have an impact on the AuM and thus can convey a deceptive impression. Nevertheless, these recent figures suggest that there are only a few interested parties for this fund.
Furthermore, the scene blog also examined where the 12 million euros came from, which were already invested in the fund . Part of this sum probably came from the Freiburg asset manager "Greiff Asset Management AG" . Around two million euros were invested in the Future Fund by means of a fund of funds. Particularly noteworthy in this investment is the fact that Volker Schilling, the CEO and founder of Greiff AG, is also the manager of the Zukunftsfonds .
Law goal still far away
On demand, this amalgamation is due to the fact that Greif AG relies on qualitative analyzes, active management and open cost structures for the fund of funds clients. Especially considering these framework conditions, an investment of the "Multi Leaders Fund" - the name of the Greif AG fund of funds - can be traced.
Last winter, Diekmann and Fischer communicated the fund plans in an interview with Manager Magazin. The two business people are pursuing an ambitious goal because the investment volume is set to increase to 20 billion euros within the next few years . Especially investors who invest their money on non-cash savings accounts are the focus of the fund. Private investors have been able to invest in the Future Fund for months. With the official launch, this is now also distributed directly on the Internet , so that the target group has a better opportunity for investment.
Despite the mixed start, Fischer and Diekmann are probably not worried about the Future Fund . In the statement, which was published by Finanz-Szene.de, both shared that communication before the expiration of 12 months would simply be dubious. Accordingly, getting to know each other within the first 12 months is on the plan. Only in the months 12 to 15 would a realizable growth become apparent. Thus, the development of the next 12 months is crucial to the success of the fund.
