Prometheus Asset Management

Prometheus Asset Management

Founded in 2006 and headquartered in Langenfeld, Prometheus grew from Prometheus Vermögensmanagement when Kunze, Pasdag and Volker Stache formalized their client work into a multi-family office. The three founders had each spent more than twenty years in private banking and institutional asset management before launching a platform that rejects retrocessions and upfront loads entirely. Their client flywheel remains thin but sticky: wealthy German families and international investors who value the flat 1% fixed fee over the bundled-cost model of traditional European private banks. The firm deploys capital across liquid funds, direct real estate, mining stakes and art — a deliberate departure from standard 60/40 advice. Its flagship fund platform features the alphatrend Fund, an all-weather strategy, alongside the systematic Deutsche Aktien SYSTEM. On the real-assets side, Prometheus owns the AREEF S.á r.l. GE 2.1 office building in Germany and controls the pro:jekt Immobilienentwicklungs KG mixed-use portfolio in Langenfeld. It also carries direct precious-metals exposure and participates in the BBM Group mining segment in Bosnia-Herzegovina. A strategic partnership with Portikus Investment gives its clients access to the Portikus International Opportunities Fund. Art investments run through a dedicated Prometheus focus, while co-investments and club relationships sit inside the Business Partner Club e. V. Operational scale remains opaque — the firm does not disclose total deployment or professional headcount. In May 2024, Boris Dreger, a former J.P. Morgan distribution director, joined the managing board as managing partner, deepening the firm's institutional distribution capability. Prometheus has collected several retail-industry awards, including a 2017 win at the Österreichischer Dachfonds Award and a third-place finish as Vermögensverwalter des Jahres 2019 from Finanzen Verlag. Adjacent vehicles include a foundation-management practice and a Kinder-rente program, but no separate philanthropic trust is publicly detailed. Structurally, Prometheus operates as an owner-managed multi-family office that doubles as a fund provider — it manufactures several of the vehicles its own clients hold. That unusual architecture removes the separation between product gatekeeper and manufacturer. Clients who choose Prometheus own both the advice and the factory, a model that eliminates third-party fund fees but concentrates fiduciary risk in the hands of the founding managing partners.