A New Chapter for The New Germany Fund: Hansjoerg Pack Takes the Helm from Leon Cappel
New York, NY – In an unexpected yet exciting turn of events, The New Germany Fund, Inc. (NYSE: GF) has announced that Hansjoerg Pack will be taking over as the Fund’s portfolio manager, effective March 1, 2025. This change comes as a result of Leon Cappel’s decision to resign for personal reasons.
A Farewell to Leon Cappel
Leon Cappel, who has been at the helm of The New Germany Fund since 2015, has decided to step down after much consideration. Cappel, a seasoned financial professional with over two decades of experience, has led the Fund through various market conditions, delivering solid returns for its investors. His departure marks the end of an era for the Fund, but also the beginning of a new one.
Welcome Aboard, Hansjoerg Pack!
Stepping into Cappel’s shoes is Hansjoerg Pack, who has been with DWS since 1997. Pack brings a wealth of experience to the table, having managed portfolios for various clients and sectors throughout his tenure. His expertise in European equities is particularly noteworthy, which bodes well for The New Germany Fund.
Impact on Investors
For investors in The New Germany Fund, this change in leadership may bring about some uncertainty. However, it is important to remember that the Fund’s Deputy Portfolio Manager, Juan Barriobero de la Pisa, will continue to be involved in the day-to-day management of the Fund. This ensures a smooth transition and continuity in the investment process.
Global Implications
The impact of this change on the global financial landscape may be minimal. However, it is worth noting that The New Germany Fund is a significant player in the European equities market. Pack’s appointment could lead to shifts in investment strategies, potentially influencing the broader European market.
Conclusion
As The New Germany Fund bids farewell to Leon Cappel and welcomes Hansjoerg Pack, investors can remain confident in the Fund’s continued commitment to delivering strong returns. With Pack’s extensive experience and the ongoing involvement of Deputy Portfolio Manager Juan Barriobero de la Pisa, the Fund is poised to navigate the ever-changing financial markets. While the global implications of this change are yet to be seen, one thing is certain: The New Germany Fund is entering a new chapter, and it’s an exciting one!
- Leon Cappel resigns as The New Germany Fund’s portfolio manager for personal reasons
- Hansjoerg Pack to take over as the new portfolio manager, effective March 1, 2025
- Pack brings extensive portfolio management experience, particularly in European equities
- Deputy Portfolio Manager Juan Barriobero de la Pisa to continue involvement in the day-to-day management of the Fund
- Impact on investors: potential uncertainty, but continuity with Deputy Portfolio Manager
- Impact on the global financial landscape: minimal, but potential shifts in European equities market
