Looking back: A lot has happened...
In the review section, private wealth highlights what has become of the entrepreneurs and investment ideas presented in previous issues.
In the current issue, the editorial staff reports on the extraordinary successes of the Internet start-up Westwing and the medical technology company Curetis.
The editors also take a second look at the hedge funds of the British Sushil Wadhwani and the American Michael Tiedemann.
How to earn: <font color="#ffff00">-=Auf Weltmarktkurs=- proudly presents
In 2012, the medical technology company Curetis launched a device that could revolutionize infection diagnostics (private wealth 03/2012). The plastic cartridge allows doctors to determine which pathogen is responsible for an infection and the patient's antibiotic sensitivity within a few hours at the touch of a button.
The first cartridge was designed for the diagnosis of pneumonia. A second now enables the rapid diagnosis of pathogens that frequently occur after surgical interventions, burns and skin and wound infections. These include bacteria and fungi that cause infections in implants. Further cartridges are planned for the diagnosis of infections of the gastrointestinal tract, severe sepsis, tuberculosis and childhood diseases.
"But we can also expand into completely different areas of application," explains company boss Oliver Schacht. "This includes genetic tests, oncological tests, accompanying tests for drugs and much more. Simplified mobile systems that can be used during epidemics or in medically underserved areas are also conceivable."
The system is now sold in Europe, Russia and the Middle East. "We are now represented in 20 countries. More will be added in the coming months. Our order books fill up quickly. Wir have now equipped about 120 renowned clinics and research institutions all over the world with equipment". In 2016, an application for approval is also expected to be submitted in the USA.
"We see ourselves as pioneers of personalized medicine. We are helping to maintain the effectiveness of all antibiotics that are already available by avoiding the use of drugs to which the pathogen is already resistant.
Our production capacity is designed for up to one million cartridges per year. Although we can handle the further growth ourselves, we also talk to companies that are interested in a takeover. At present, however, we are only considering an exit for the period after 2015. That could well be an IPO."
How to earn: Women's power.
In December 2012, private wealth presented Delia Fischer and her start-up Westwing. The company is now active in 15 markets on three continents and employs over 1400 people worldwide. Bei of the last financing round in January 2015, the entire company was valued at 449.2 million euros. This is what zu Recht calls a real success story.
How to invest: Convincing comeback.
When private wealth introduced hedge fund manager Sushil Wadhwani in December 2013, he was just through a very difficult phase. Like almost all managed futures funds that invest in derivatives auf Aktien, Anleihen, commodities or currencies worldwide and can benefit from both falling and rising prices, for a long time he only had disappointing investment results. His fund (GAM Star Keynes Quantitative Strategies), launched in April 2010 with a lot of advance praise, had generated just 0.25 percent in almost four years.
Wadhwani then convincingly explained why his approach would work in the long term and that such long periods of weakness would usually be replaced by sustained positive years. 2014 hat sich proves this true. After an extremely strong second half of the year, Wadhwani achieved ein Plus of around 20 percent. It could be the beginning of a longer period in which managed futures funds perform better than traditional mixed portfolios: "Basically, our outlook is positive for most regions," explains Sushil Wadhwani today: "But there are a lot of risks. That's why I expect a turbulent environment in 2015, in which the various assets will develop differently."
This is a very good starting point for his fund. "Because we operate in 70 markets and 25 currencies, we benefit from lower correlations. We will be able to take advantage of the stronger price fluctuations. And we are in a position to benefit in various ways from the expected future rise in interest rates in some countries," says Sushil Wadhwani. "Last but not least, the economic differences between countries and regions will provide us with interesting trading opportunities."
How to invest: Second chance.
In issue 02/14 private wealth introduced another illustrious member of the international hedge fund scene. Together with his father Carl, Michael Tiedemann manages almost ten billion dollars of a few wealthy US families in New York and operates a successful hedge fund platform. As one of the major investment themes of the coming years, he named mergers and acquisitions at the time. The "most successful" hedge fund in the Group, the Tiedemann Arbitrage Strategy Fund, fits in well with this. After all, manager Drew Figdor had not suffered a single year of losses since the start in 1993.
The idea was right. But the success failed to materialize. The somewhat more expensive UCITS fund brought investors a minus of two percent. What do we do now? The segment remains interesting. And Drew Figdor shouldn't have forgotten his trade. He deserves a second chance. ®