StockNews.AI
GF
StockNews.AI
176 days

The New Germany Fund, Inc. Announces Portfolio Manager Change

1. GF names Hansjoerg Pack as new portfolio manager, effective March 1, 2025. 2. Leon Cappel resigns for personal reasons; Deputy PM Juan Barriobero de la Pisa stays onboard.

2m saved
Insight
Article

FAQ

Why Neutral?

Managerial changes often have limited immediate price effect if transition is smooth. Historical shifts in fund leadership typically lead to minor short-term volatility until strategy under new management becomes clear.

How important is it?

Leadership changes in a fund are important for long-term performance, though the smooth transition and clear timeline reduce immediate disruption.

Why Long Term?

The new manager’s decisions and investment style will shape fund performance over several years rather than instantly. Similar transitions in asset management funds have shown gradual performance shifts.

Related Companies

NEW YORK--(BUSINESS WIRE)--The New Germany Fund, Inc. (NYSE: GF) (the “Fund”) announced today that Hansjoerg Pack will replace Leon Cappel as the Fund's portfolio manager effective March 1, 2025. The Fund noted that Mr. Cappel had decided to resign as the Fund's portfolio manager for personal reasons, and that the Fund's Deputy Portfolio Manager would continue to be Juan Barriobero de la Pisa. Mr. Pack joined DWS in 1997 and has extensive portfolio management experience, including management of.

Related News