German asset manager StarCapital, a subsidiary of the Swiss Bellevue Group, has acquired Mars Asset Management, an independent asset management company based in Bad Homburg, Germany.
As part of the acquisition, StarCapital aims to strengthen its rule-based multi-asset strategy business. Markus Kaiser has led the team since 2013 and will manage around €550 million in the future.
The Mars portfolio management team, consisting of Andreas Bichler, Damian Krzizok and Jens Kummer, will be integrated into Kaiser’s team.
Kaiser said: ‘With Mars, we have found an experienced asset manager whose investment strategy is consistent and compatible with ours and whose team we have known and appreciated for many years.’
StarCapital has been part of Bellevue Group since 2016.