FPM Frankfurt Performance Management

What FPM Frankfurt Performance Management does

FPM Frankfurt Performance Management AG is an independent German asset management firm founded in 2000 and headquartered in Frankfurt am Main, operating as a privately-held stock corporation (Aktiengesellschaft) regulated by BaFin. The firm specializes in value investing across German equities through a concentrated, high-conviction stock-picking methodology focused on identifying undervalued companies with understandable business models and assessable management teams. FPM's investment process is fundamentally driven: fund managers conduct extensive direct corporate engagement through management meetings and apply qualitative judgment rather than quantitative or systematic models. The firm currently offers two mutual funds — FPM Funds Stockpicker Germany AllCap (broad all-cap German equity exposure) and FPM Funds Stockpicker Germany Small/Mid Cap (specialized undervalued SMB segment) — while a third thematic technology fund (FPM Funds Ladon) was liquidated in April 2025 due to insufficient fund volume making continued operation economically unviable.

The business operates on a recurring management fee model, with revenue generated as a percentage of assets under management across the fund complex and bespoke institutional mandates, including a documented special mandate for a single family office. Fund administration, compliance oversight, and voting rights exercise are handled through a core operational partnership with Universal-Investment Group (Frankfurt and Luxembourg entities) as the Kapitalverwaltungsgesellschaft. Distribution is direct and sales-led: a small internal sales team (led by Senior Sales Oliver Schuck and Business Manager Sales Carolin Killmer) targets professional investors and family offices in Germany through enterprise field sales, supplemented by media appearances, quarterly investor commentary publications, and recorded web conferences. The firm holds membership in the German Investment and Asset Management Association (BVI) and the Association of Independent Asset Managers (VuV), with all funds classified as SFDR Article 6.

The leadership team combines deep German equity pedigree with senior institutional operating experience. Founder Martin Wirth (German equity expertise since 1990; ex-Credit Suisse and Bank Julius Bär) manages the AllCap fund and the family office special mandate, and has received multiple personal awards from Citywire and Sauren Fonds-Research AG. Co-fund manager Raik Hoffmann (CFA, ex-DWS German Small/Mid Cap) manages the Small/Mid Cap and (previously) Ladon funds. Board member Thomas F. Seppi brings 27 years of Deutsche Bank Group experience, including six as Managing Director of DWS/Deutsche Asset Management. The firm employs 11-50 staff with no disclosed parent company, private equity backing, or external funding rounds.

Name

FPM Frankfurt Performance Management

Legal name

FPM Frankfurt Performance Management AG

Website

https://fpm-ag.de

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

FPM Frankfurt Performance Management AG is an independent Frankfurt-based asset manager specializing in value investing across German equities, serving professional investors and family offices through two mutual funds and institutional special mandates.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Discretionary Portfolio Management (DPM) (FSAAABAC)

akta.pro secondary industry

Managed Account Platforms (Separately Managed Accounts / Customized Portfolios) (FSAHAKAC)

Keywords

• Value investing
• Asset management
• German equities
• Mutual funds
• Portfolio management

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Asset Management Fees: The firm generates revenue through management fees charged on the assets under management across its investment funds (FPM Funds Stockpicker Germany All Cap and FPM Funds Stockpicker Germany Small/Mid Cap). Revenue is recurring in nature, based on fund assets under management.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

FPM Frankfurt Performance Management AG is an independent, Frankfurt-based value-investing asset manager that actively manages German equity portfolios for professional investors. Its sellable offerings are the FPM Funds Stockpicker Germany AllCap and FPM Funds Stockpicker Germany Small/Mid Cap mutual funds (Luxembourg SICAV structures administered by Universal-Investment), together with institutional special mandates for single family offices. Revenue is generated through recurring management fees on assets under management.

Product overview

FPM Frankfurt Performance Management AG is an independent value-investing asset manager offering three mutual funds focused on German equities: FPM Funds Stockpicker Germany AllCap (broad all-cap exposure), FPM Funds Stockpicker Germany Small/Mid Cap (specializing in undervalued small and mid-cap companies), and FPM Funds Ladon (a thematic technology fund that has been liquidated as of April 2025). The firm manages portfolios through fundamental stock-picking, conducting extensive company research and management meetings to identify undervalued companies with understandable business models and competent leadership. Fund administration and distribution are handled through Universal-Investment Group.

Differentiator

Problem solved

Functional benefit

Products and services

• FPM Funds Stockpicker Germany AllCap Actively managed mutual fund providing broad exposure to German equities across all market capitalizations, applying a value-investing approach that targets companies with understandable business models and assessable management. Intended for professional investors seeking concentrated, fundamental exposure to German equities.
• FPM Funds Stockpicker Germany Small/Mid Cap Actively managed mutual fund specializing in German small and mid-cap equities, targeting undervalued opportunities in the smaller-capitalization segment of the German market through the same fundamental, value-investing methodology. Intended for professional investors seeking high-conviction German small/mid-cap exposure.
• Institutional Special Mandates (Single Family Offices) Segregated portfolio mandates applying the firm's value-investing German equity approach to institutional clients, with documented mandates run for single family offices. Designed for institutional investors and family offices requiring concentrated, high-conviction German equity exposure under their own mandate structure.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• Universal-Investment-Gesellschaft mbHcoreStrategic or Co-development PartnerUniversal-Investment serves as the investment management company (Kapitalverwaltungsgesellschaft) for the FPM Funds Luxembourg structures. They handle fund administration, compliance oversight, shareholder rights exercise, and distribution of fund documents. This is the primary administrative partner for the fund operations.
• Universal-Investment-Luxembourg S.A.coreStrategic or Co-development PartnerLuxembourg-based management company for the FPM Funds SICAV structure. Exercises shareholder voting rights on behalf of fund assets through their voting rights policy. Contact point for fund documentation in Luxembourg.
• Bundesverband Investment und Asset Management e.V. (BVI)minorStrategic or Co-development PartnerGerman Investment and Asset Management Association. FPM AG is a member and commits to the BVI Code of Conduct (Wohlverhaltensregeln) governing proper treatment of investor capital and market integrity.
• Verband unabhängiger Vermögensverwalter Deutschland e.V. (VuV)minorStrategic or Co-development PartnerAssociation of Independent Asset Managers in Germany. FPM AG holds membership, signaling commitment to independent asset management practices.
• DIGITALOCEAN INC.minorOthersCloud infrastructure provider hosting the FPM AG website server in Frankfurt am Main, Germany.
• medianet elektronische Kommunikation & Marketing GmbHminorOthersFrankfurt-based digital agency responsible for operating and maintaining the FPM AG website infrastructure.
• MyClimate.orgminorOthersTool provider for analyzing CO2 consumption from employee air travel, rail travel, and car rental use for business trips as part of FPM's internal sustainability management.

Recent moves6 records

Expansion highlights4 records

Direct peers

• Lupus alpha Asset Management AG: Frankfurt-based independent German boutique specialising in German small/mid-cap and European equity strategies. Closely comparable to FPM's Small/Mid Cap focus and German boutique profile.
• Loys AG: German independent value-investing boutique run by Heiko Ibener, focused on European and German equities with a value screen. Comparable to FPM in philosophy, boutique size, and target customer base.
• Flossbach von Storch AG: Large German independent asset manager known for high-conviction, value-oriented equity strategies with broad product range. Comparable to FPM as a German independent active manager with a strong value-investing DNA, though at a much larger scale.
• DJE Kapital AG: Independent German value-investing boutique based in Pullach, managing equity and multi-asset funds with a flagship German equity value strategy. Directly comparable to FPM as a German independent active equity manager serving professional investors.
• GANÉ Aktiengesellschaft: German independent value-investing boutique founded by former Flossbach partner, focused on German equities with a concentrated, high-conviction approach. Closest direct comparable to FPM in philosophy, size, and client base.
• Acatis Investment Kapitalverwaltungsgesellschaft mbH: Frankfurt-based independent value-investing boutique managing German equity and global value funds. Comparable to FPM as a German value-investing fund manager serving similar professional investor segments.

Broad incumbents

• DWS Group GmbH & Co. KGaA: One of Europe's largest asset managers and the former employer of multiple FPM board members (Seppi, Hoffmann, Schuck). Relevant as the broad incumbent against whose small/mid-cap franchise FPM competes for the same clients.
• Union Investment Institutional GmbH: Large German asset manager with institutional and retail German equity offerings. Comparable to FPM as a German equity product provider, though at much greater scale and with broader distribution.
• Allianz Global Investors GmbH: Global asset manager with a substantial German equity capability and active institutional mandate business. Comparable to FPM as a broader incumbent offering overlapping active German equity mandates.

Others

• Universal-Investment-Gesellschaft mbH: Frankfurt-based fund platform (KVG) that administers FPM's Luxembourg fund structures and provides regulatory and distribution infrastructure. Relevant as both partner and ecosystem peer for the German boutique asset management operating model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FPM Frankfurt Performance Management