Lloyd Fonds - Taking shape
Change is gathering pace at Lloyd Fonds. In line with its goal to become a leading asset manager in Germany over the medium term, it plans to launch its new business model, focused on open-end retail funds, in Q219. Growth may also be by acquisition (finances are robust) with assets under management targeted to exceed €5bn within five years (€1bn+ in 2019). Management is being further strengthened and strategic divestments are under review. Given likely c €2.5m one-off restructuring costs, current year guidance is newly lowered to a net loss of €1.5m. Continued weakness in H118 results only confirms the need to reposition.Lloyd Fonds AG is a Germany-based multi investment and asset management company. It develops, sells and manages asset investments for institutional and retail investors, and focuses on alternative real assets and investment products. The Company operates through three segments: The Shipping and Other Assets segment focuses the purchasing, structuring and selling assets in the shipping and secondary-market ship fund business and financing of assets by arranging debt and equity capital. The Real Estate segment focuses on the purchase and structuring of assets in the real estate segment. The Trusteeship segment includes, among others management of trust accounts and services for fund entity investors.
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