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H&A Global Investment Management
H&A Global Investment Management launched in 2018 as the in-house asset manager for Frankfurter Leben-Gruppe (FLG), a consolidation platform for German...
H&A Global Investment Management
H&A Global Investment Management launched in 2018 as the in-house asset manager for Frankfurter Leben-Gruppe (FLG), a consolidation platform for German life insurance and pension books in run-off. The entity was originally co-founded with Hauck Aufhäuser Lampe Privatbank, though the bank has since withdrawn from the shareholder structure. FLG is itself controlled by Fosun International, a Hong Kong-listed, family-oriented Chinese multinational — making H&A a rare European institutional manager with direct parentage to Asian insurance capital. The firm runs three business lines. Credit Income Opportunities covers the full credit stack from investment-grade and high-yield corporate bonds to emerging-market debt, managed by an integrated team of portfolio managers and analysts under Head of Portfolio Management Credit Martin Dreier. Private Markets is cited alongside the credit franchise as a core offering. The third line, Outsourced Asset Management, lets external institutions hand over full or partial portfolio mandates. H&A's signature structure is the modular CIO Series, which assembles bespoke credit portfolios — buy-and-maintain, short-duration, laddered, or total-return — benchmarked to client objectives rather than market indices. H&A operates from two German cities, Frankfurt am Main and Munich, and runs a publicly named credit team of six investment professionals including three Lead Portfolio Managers: Steffen Ullmann, Thomas Rentsch, and Evgenij Minkin. The firm has worked with ClimatePartner since 2022 to measure and offset its operational carbon footprint. No public AUM or deployment figure is available. The sole recent operational detail disclosed is the exit of Hauck Aufhäuser Lampe Privatbank from the shareholder register, with no dated announcement provided on the corporate site. H&A's structure as a captive asset manager inside a Fosun-controlled closed-book insurance platform makes it structurally distinct from standalone German institutional shops. The parent's business — acquiring and managing life insurance books in run-off — creates a natural liability-aware orientation that flows into the asset-management mandate. This is not a traditional third-party asset gatherer but an investment engine originally built to serve the general-account needs of an insurance consolidator, now opened selectively to external institutional clients.
General information
Firm type
Generalist
Year founded
2018
AUM
Undisclosed
Location
Region
Europe
Country
Germany
City
Frankfurt am Main
Corporate office
Frankfurt am Main, Germany
Additional offices
München, Germany
Principals
Thomas Herbert
CEO, CIO
Dr. Wolfgang Kirschner
CFO, COO
Sector focus
Frequently asked questions
Who runs investment decisions at H&A Global Investment Management?
CEO and CIO Thomas Herbert leads the investment function. He joined in early 2019 after serving as CIO at Ethenea Independent Investors and Oddo Meriten Asset Management, and earlier as Global Head of Credit Portfolio Management at Abu Dhabi Investment Authority. Credit portfolio management is overseen by Martin Dreier, Head of Portfolio Management Credit, who manages a team of six named investment professionals.
How is H&A Global Investment Management related to Frankfurter Leben-Gruppe and Fosun?
H&A was founded as the internal asset manager for Frankfurter Leben-Gruppe (FLG), a German platform that acquires and consolidates life insurance and pension books in run-off. FLG is in turn owned by Fosun International, the Hong Kong-listed Chinese multinational. H&A is therefore a captive manager embedded inside a Fosun-controlled insurance group, though it also serves external institutional clients.
Does H&A run discretionary credit mandates or pooled funds?
The firm runs both. Its CIO Series is a modular credit-strategy framework that builds customized portfolios — buy-and-maintain, short-duration, maturity-laddered, and total-return — for institutional investors. These are managed on a segregated-mandate basis against client-specific benchmarks rather than off-the-shelf pooled indices (per the firm's website).
What is H&A's geographic investment footprint?
H&A's credit team covers corporate bonds globally across investment-grade, high-yield, and emerging-market debt. The firm describes its investment approach as internationally oriented, and its parent Fosun provides access to Asian and specifically Chinese capital-market expertise. No country-level allocation limits are publicly disclosed.
Does the firm have a disclosed AUM or deployment figure?
No. H&A Global Investment Management does not publish assets under management or a cumulative deployment number on its website or in any publicly available regulatory disclosure. The firm's AUM is undisclosed.
What is H&A's posture on ESG and sustainable investing?
H&A states that all investment decisions incorporate sustainability considerations. On the corporate level, it has worked with ClimatePartner since 2022 to calculate its carbon footprint and offset emissions through climate-protection projects. For client portfolios, the firm positions itself as an enabler — helping institutions implement their own ESG preferences in the portfolio context rather than mandating a single house-level exclusion framework.
Does H&A Global Investment Management make direct private-market investments or only fund commitments?
The firm lists Private Markets as one of three core business lines alongside Credit Income Opportunities and Outsourced Asset Management. The website does not specify whether private-market exposure is obtained through direct co-investments, fund commitments, or a mix of both. No named private-market portfolio companies are publicly disclosed.
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