Report

Maritime investment solutions

In the past 18 months Ernst Russ (ERAG) (formerly HCI) has been transformed into an investment and asset manager focused on the maritime sector. The 2016 acquisitions of König & Cie, Ernst Russ Reederei and WestFonds have completed the group’s full service ship management offering and built scale in asset management and trustee services. The group’s ability to win new investment and asset management mandates across a range of asset classes should be significantly enhanced, offsetting the drag of legacy closed end (KG) fund run-off. A recovery in shipping markets would have a strong positive effect on the group’s consolidated earnings.
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Edison Investment Research
Edison Investment Research

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