GANÉ Aktiengesellschaft

What GANÉ Aktiengesellschaft does

GANÉ Aktiengesellschaft is a privately held German boutique asset manager (Fondsboutique) headquartered in Aschaffenburg, founded in November 2007 by Dr. Uwe Rathausky, J. Henrik Muhle, and Dirk Schellenberger. The firm operates as an event-oriented value investor, applying a Warren Buffett-inspired fundamental quality framework — sustainable business models, solid balance sheets, high margins, intrinsic value discipline — combined with event-driven catalysts such as mergers, restructurings, and earnings surprises. GANÉ serves exclusively professional clients and suitable counterparties as defined under the German Securities Trading Act (WpHG), including institutional investors, family offices, and high-net-worth individuals across the DACH region and broader EU markets (Germany, Austria, Switzerland, Luxembourg, France, Spain, Netherlands, Portugal, Italy).

The firm's product platform comprises three own-branded funds housed under the GANÉ Investment-AG umbrella: the GANÉ Value Event Fund (flexible balanced fund, repositioned in February-April 2024 from the former ACATIS GANÉ Value Event Fonds), the GANÉ Global Equity Fund (pure equity fund launched December 2022), and the GANÉ Business Partner Fund (Spezialfonds for institutional clients launched December 2018). Operations rely on a tightly regulated service-partner stack: Universal-Investment-Gesellschaft mbH acts as external KVG, BN & Partners Capital AG serves as BaFin-licensed liability umbrella (Haftungsdach) under WpIG §2, and Hauck Aufhäuser Lampe Privatbank AG supports event operations. GANÉ integrates MSCI ESG Research data and is a UN PRI signatory since March 2021.

GANÉ earns revenue through AUM-linked management fees and performance fees on its three funds, distributed via institutional direct channels (the Investment Summit roadshow across DACH/Luxembourg drawing 1,000+ investors per event since 2020, multimediakonferenzen, webinars) and intermediary partnerships with LOYS AG and ProfitlichSchmidlin AG. The core team of approximately eight people is led by the two co-founder fund managers (named 'Fondsmanager des Jahres' in 2019 and 2024), Capital Markets Strategist Marcus Hüttinger (ex-Goldman Sachs, joined January 2020), and a supervisory board chaired by Norbert Freisleben. The firm is navigating a post-2024 turnaround after ACATIS unexpectedly terminated its 16-year partnership in February 2024, migrating fund operations to GANÉ's own investment company structure.

Name

GANÉ Aktiengesellschaft

Legal name

GANÉ Aktiengesellschaft

Website

https://gane.de

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

GANÉ Aktiengesellschaft is a privately held German boutique asset manager that runs event-oriented value investing strategies for professional and institutional clients across DACH and broader EU markets, distributing three own-branded funds via Universal-Investment and BN & Partners.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC)

akta.pro secondary industries

Style Equity — Value (Active) (FSAAAIAH), Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ)

Keywords

• Event-driven value investing
• Asset management
• Investment fund management
• Esg investing
• Special institutional funds

Headquarters

HQ city

Aschaffenburg, Bavaria

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees: GANÉ earns management fees for overseeing investment funds under the GANÉ Investment-AG umbrella. The funds include GANÉ Value Event Fund (flexible balanced fund), GANÉ Global Equity Fund (equity fund), and GANÉ Business Partner Fund (special fund). Fees are calculated as a percentage of assets under management.
2. Performance Fees: GANÉ receives performance-related fees tied to fund returns. Historical arrangements included GANÉ receiving 80% of performance-related management fees. Following the separation from ACATIS in 2024, GANÉ operates its own funds under GANÉ Investment-AG with Universal-Investment as external KVG.
3. Investment Advisory: GANÉ Advisory GmbH, Gräfelfing, provides investment advisory services. Dr. Uwe Rathausky and J. Henrik Muhle serve as managing shareholders of GANÉ Advisory GmbH.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

GANÉ Aktiengesellschaft is a German boutique asset manager that runs actively managed investment funds using a proprietary 'Value Event' strategy that combines Warren Buffett-style value investing with event-driven catalysts. The company manages the GANÉ Value Event Fund (a flexible balanced fund), the GANÉ Global Equity Fund (a pure equity fund), and the GANÉ Business Partner Fund (an institutional special fund), with assets under management exceeding EUR 5 billion as of late 2020.

Product overview

GANÉ Aktiengesellschaft is an event-oriented value investor managing three investment funds: the GANÉ Value Event Fund (flexible balanced fund), GANÉ Global Equity Fund (pure equity fund), and GANÉ Business Partner Fund (institutional special fund). The company follows a 'Value Event' philosophy combining traditional value investing with event-driven catalysts. A fourth product, the ACATIS Value Event Fonds (formerly ACATIS GANÉ Value Event Fonds), was operated from 2008-2024 but transitioned away from GANÉ management in early 2024 following partnership termination with ACATIS.

Differentiator

Problem solved

Functional benefit

Brands

• GANÉ Value Event Fund: A flexible balanced fund (Mischfonds) following the Value Event investment strategy, previously known as ACATIS GANÉ Value Event Fonds until March 2024.
• GANÉ Global Equity Fund
• GANÉ Business Partner Fund
• GANÉ Advisory GmbH
• GANÉ Investment-AG mit Teilgesellschaftsvermögen

Products and services

• GANÉ Value Event Fund Flexible balanced fund (Mischfonds) following GANÉ's Value Event investment philosophy, combining value investing principles with event-driven catalysts. Offers flexible asset allocation between equities and bonds with up to 100% equity quota and offensive positioning, targeted at professional clients and suitable counterparties.
• GANÉ Global Equity Fund Pure equity fund focusing on global equity investments in strong companies with sustainable business models, solid balance sheets, and high margins. Targeted at professional investors seeking concentrated quality-driven global equity exposure.
• GANÉ Business Partner Fund Special fund (Spezialfonds) for institutional and selected investors, launched under the GANÉ Investment-AG umbrella in December 2018. Provides customized institutional access to the Value Event strategy.
• ACATIS Value Event Fonds (former ACATIS GANÉ Value Event Fonds) The original balanced fund launched in December 2008 in partnership with ACATIS Investment, achieving EUR 8 billion in assets under management before the partnership terminated in early 2024. Renamed to ACATIS Value Event Fonds in October 2022 and transitioned away from GANÉ management in February 2024.

Quantifiable outcome

• 10% p.a. average return since fund inception (December 2008) with low volatility
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core, flagship, major and minor.

• UN PRI (Principles for Responsible Investment)coreStrategic or Co-development Partner · 1 March 2021GANÉ signed the UN Principles for Responsible Investment in March 2021, committing to integrate environmental, social, and governance (ESG) topics into its investment analysis and decision-making processes.
• LOYS AGflagshipStrategic or Co-development Partner · 1 January 2020GANÉ collaborates with LOYS AG as a key partner for the annual Investment Summit roadshow. LOYS AG is a German asset manager specializing in absolute return and global equity strategies.
• ProfitlichSchmidlin AGflagshipStrategic or Co-development Partner · 1 January 2020GANÉ collaborates with ProfitlichSchmidlin AG as a key partner for the annual Investment Summit roadshow. ProfitlichSchmidlin AG is a German asset manager focused on asset management and investment advisory.
• Hauck Aufhäuser Lampe Privatbank AGmajorChannel Partner/ Reseller/ Distributor · 1 January 2020Hauck Aufhäuser Lampe Privatbank AG serves as organizational partner for the Investment Summit events and is a historical founding partner from the 2008 fund launch. The bank's Asset Servicing division supports event organization.
• MSCI ESG ResearchcoreTechnology or Integration · 1 January 2008GANÉ partners with MSCI ESG Research for systematic sustainability analysis. The partnership provides data and analytics supporting qualitative and quantitative ESG analysis of companies, including hundreds of E, S, and G factors.
• World Vision Deutschland e.V.minorOthers · 1 November 2007GANÉ supports World Vision Deutschland e.V. through a children's sponsorship 'Zukunft für Kinder' (Future for Children) for each completed business year since company founding. Supports children from developing countries, their families, and communities in fighting poverty and injustice.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• ProfitlichSchmidlin AG: Cologne-based German asset management boutique focused on fundamental value investing. Co-organizer of GANÉ Investment Summit and member of GANÉ supervisory network (Rathausky sits on its Aufsichtsrat). Directly comparable boutique value manager with overlapping professional-client base.
• LOYS AG: Oldenburg-based boutique asset manager specializing in global equities and absolute-return strategies. Co-organizer of the GANÉ Investment Summit roadshow since 2020; directly comparable as a German independent active equity manager targeting professional and HNWI clients.
• FPM Frankfurt Performance Management AG: Frankfurt-based independent German value manager focused on European equities and quality-value selection. Comparable boutique active value manager serving German institutional and private clients.
• DJE Kapital AG: Pullach-based German value and dividend-focused asset manager. Directly comparable as an established German independent active manager with similar quality-value philosophy and DACH distribution.
• ACATIS Investment KVG mbH: Frankfurt-based value investment boutique and GANÉ's former long-running partner (2008–2024) on the flagship ACATIS GANÉ Value Event Fonds. Directly comparable on strategy (value/investment style), customer segment (German professional clients), and fund structure (German Spezialfonds/Mischfonds).
• Flossbach von Storch SE: One of Germany's largest independent asset managers with a quality-value investment philosophy across balanced and equity funds. Most direct larger-scale comparable to GANÉ on style, customer segment (HNWI/professional), and multi-product platform approach.
• ValueInvest Asset Management S.A. Luxembourg-based boutique manager applying Benjamin Graham/Munger-style deep value investing. Comparable European value boutique with similar DACH/LU distribution footprint and quality-value approach.

Broad incumbents

• Union Investment Privatfonds GmbH: Frankfurt-based large German asset manager serving institutional and retail clients with multi-asset, equity, and ESG strategies. Provides institutional-scale distribution and KVG infrastructure context in which GANÉ's Universal-Investment partnership sits.
• DWS Group GmbH & Co. KGaA: One of Europe's largest asset managers with broad multi-asset and ESG product offerings. Represents the large incumbent competitive set that GANÉ competes against for German institutional and retail mandates.

Emerging players

• Ökoworld Lux S.A. German/Luxembourg-based asset manager focused exclusively on sustainable and ethical investing. Comparable as a DACH-focused boutique with strong sustainability credentials and overlapping ESG-aware investor base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/gan%C3%A9-aktiengesellschaft

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 GANÉ Aktiengesellschaft