Michael Kukacka

Amundi Austria is a growth-oriented manager which performs in-house fundamental research and utilizes quantitative-technical models, primarily focusing on European markets. They outsource global market investments to third-party asset managers. The firm combines top-down and bottom-up research to construct portfolios of both index-oriented and absolute return funds. Amundi Austria invests in global bonds (single equity), bond funds, global stocks (single equity), equity funds and real estate. They invest in derivative financial instruments for hedging purposes. Their portfolio managers make the firm's investment decisions.

Erste-Invest's core competencies are Eurozone investment-grade bonds, Central and Eastern European equity and fixed-income, emerging markets equity and fixed-income, sector funds, asset allocation portfolios, total return portfolios and socially responsible investing. The majority of their investments is in bonds and money market instruments. They also invest in alternative asset classes and manage funds of funds. The firm's investment process emphasizes a top-down approach, combined with a bottom-up component in the case of Austrian and Eastern European equity. Investment decisions are team-based.

RINGTURM actively manages portfolios, a large portion of which is invested in global equity and fixed-income. They are a conservative, risk-averse manager; however, they use derivative instruments to hedge portfolios. The firm is a value-oriented investment manager and utilizes a top-down, macro-economic, fundamental research approach, which seeks to identify both short-term cyclical changes and long-term structural changes in order to determine asset allocation.