Perfect followers. In issue 01/18, private wealth reported on the investment idea of "search funds". In this model, outstanding university graduates try to find an established medium-sized company with a succession problem that they can buy - in order to continue running it themselves. Investors support this process, securing a stake in interesting companies if the search is successful. The only reason this brilliant idea hasn't really taken off so far is because there's been a lack of graduates with guts. Now two searchers - Alexander Hansen and Christopher King - are giving it a go. "To be entrepreneurial.To be able to do what we are convinced of without rigid structures and to take responsibility for it - that's how we imagine the future."...

Dear Readers, Despite rising infection figures, the economic recovery in the German economy is continuing with increased momentum. The upswing scenario established since July 2020 has thus been further consolidated. This is underlined by the latest surveys of the ifo Institute on the business climate and export expectations. In March, these even rose to their highest level since January 2011! Particularly impressive is the development in industry, whose expectations are an important indicator for the private-wealth stock market indicator. There, things are moving steeply upwards at a rapid pace. The ifo Institute reports that demand has picked up noticeably in all industrial sectors. Expectations are now as optimistic as they were last...

Dear Readers, In February, the ifo business climate made up for the dip in January. The positive development in industry, which is also decisive for the private wealth stock market indicator, was particularly impressive. The assessment of the situation there has now returned to the level of summer 2019 - so the Corona slump has been more than made up for. And business expectations are also pointing upwards again.

Dear Readers, Over the past month, we have virtually visited a dozen annual outlooks from banks and asset managers. The bottom line is clear: this year, the augurs expect a massive economic recovery, rising inflation rates and yet continued ultra-expansionary monetary policy. What does this mean for investment strategy? At the beginning of his 2021 Annual Outlook each year, Neuberger Berman asks the audience which asset class will perform best in the coming year. This time, the answer was clear. 74 percent - more than at any time in the past five years - chose stocks.

Dear Readers, Over the past month, we have virtually visited a dozen annual outlooks from banks and asset managers. The bottom line is clear: this year, the forecasters expect a massive economic recovery. This raises the intriguing question: Will inflation rates also rise? And will this force the central banks to step on the brakes sooner than expected?