Germany’s Ernst Russ AG has decided to combine its fund and asset management services for all maritime investments under an umbrella company.
The services, previously provided by different group companies, will now be offered by Ernst Russ Maritime Management (ERMM).
With this move, the company said it is “taking a further step in the consolidation of its asset and investment management services for the various asset categories into its own independent, effective business units.”
ERMM currently manages some 140 ships for private and institutional investors via more than 110 funds invested in ships as well as structured investments with a total investment volume of approximately EUR 4 billion (USD 4.36 billion).
“Ernst Russ Maritime Management offers investors the management of their maritime assets from a single source – thereby keeping with the one-stop shop philosophy of Ernst Russ AG,” Jens Mahnke, spokesman for the Executive Board of Ernst Russ AG, commented.