Generali Investments concluded the sale of Austria Trend Hotel

 

The Austria Trend Hotel is located in a prime location, in the immediate vicinity of the Ljubljana ring road or connection to AC. The hotel has 214 rooms and 12 suites. Inside the hotel there is also a restaurant, lounge, wellness with saunas and fitness, 11 conference rooms, parking spaces are also available in front of the hotel and in the garage under the hotel. The buyer is Agromarket d.o.o., Kragujevac.

Generali Adriatic Value Fund, a special investment fund, is an alternative investment fund with the recognized status of a special investment fund. The fund’s objective is to achieve income and capital growth through investments in commercial real estate.

Sincerely,
Generali Investments LLC

 

 

 

Generali Investments again with the Best Asset Manager in Slovenia

 

Aleš Lokar, the head of the portfolio management team in charge of the Generali Umbrella Fund subfunds Generali Galileo, Generali Global and Generali Rastko, with a total of EUR 225 million under management, previously clinched the best fund manager title in 2017. On this occasion, he said: “This accolade is the result of the outstanding efforts of the entire Generali Investments team. The market complexities and rapid developments make effective teamwork indispensable. Therefore, this recognition belongs to each and every one of my colleagues.”

 

Aleš Lokar, head of equity investment management and Best Asset Manager; Foto: © Jure Makovec / Moje finance

 

David Zorman, who won the prestigious Best Asset Manager title in 2011, also made it among the five best asset managers in Slovenia this year.

Over the course of the 14-year history of these awards, Generali Investment managers won the Best Asset Manager titles an impressive eight times. This achievement firmly establishes Generali Investments as one the most acclaimed asset management companies in the history of the awards, underscoring the unwavering performance demonstrated by its manager teams. The Best Asset Managers by years were: David Zorman (2011), Primož Cencelj (2014, 2016 and 2018), Aleš Lokar (2017), and Luka Flere (2019). Additionally, Primož Cencelj was honoured with the title of the Best Asset Manager of the Decade (2010–2019).
The key criterion for determining the best manager is the consistent outperformance of the relevant fund they manage in comparison to the benchmark. Generali Investments, celebrating its 30th anniversary this year, ranks among the oldest asset managers with long-standing tradition and experience in Slovenia. Throughout its history, it has won numerous domestic and international accolades for its high-quality work, excellent asset management, and product and service development.

At this year’s event, stars were assigned to funds based on their performance over three-year and ten-year periods, representing the highest distinction in the mutual fund industry and expressing unparalleled excellence in fund management.

This year’s top awards – five stars – went to the following funds:

Generali Galileo*****, Mixed Flexible Fund, in the Mixed Global category over a three-year period,

Generali Rastko*****, Equity, in the Equity – Europe category over a ten-year period,

Generali Bond*****– EUR, in the European Bond category over a ten-year period.

 

Melita Rajgelj Ozebek, the President of the Management Board of Generali Investments, said: “The accolades received, along with the performance rates yielded by our funds, underscore the excellence of our management team, of whom we are immensely proud. We work in a rapidly changing environment that necessitates us to adapt on a daily basis, and this is where our long-standing experience proves invaluable. Over the past 30 years, we have always known the paramount importance of quality in asset management. We remain steadfast in our commitments to honour the trust bestowed upon us by our investors, and we thank them for their trust on this occasion.”

The numerous awards received, and, most importantly, the trust placed in the company by its clients, its long-standing relationships, prudent investment policy, high-quality products, top-notch team with a winning mindset, as well as professionalism and international focus, are certainly the motivating factors driving the oldest asset management company in Slovenia and its team. They also serve as proof that Generali Investments is on the right track.

 

From left to right: Geza Norčič, asset manager, Matej Krajnik, analyst, Sašo Šmigić, member of the Management Board, Aleš Lokar, head of equity investment management and Best Asset Manager of 2023, David Zorman, head of ESG analysis, and Matej Škerlep, analyst (missing: Beti Bacetič Kern, asset manager, and Grega Meden, senior asset manager).

 

Generali Investments has closed the sale of its stakes in the companies Generali Investments GP 1 d.o.o. and Generali Investments GP2 d.o.o., and the sale of its equity shares in Generali Investments CP d.o.o. k.d., transferring, as of 13 June 2023, the management of Generali Growth Equity Fund, a private equity fund, to a new manager, ALFI PE d.o.o.    

 

The finalised transaction and transfer of the Fund’s management to the new manager will not alter the Fund’s policy nor will it affect the Fund’s investors. The Generali Group continues to be the Fund’s second largest investor, after the European Investment Fund (EIF). To close the transaction, all the necessary approvals of the Fund’s bodies and regulatory authorisations have been obtained.

Generali Investments continues to manage alternative investment funds, including the very successful Generali Adriatic Value Fund, a real estate fund. Generali Group thus remains a strong supporter of the Slovenian economy, not only through its insurance and asset management services but also as an investor making direct investments in Slovenian companies. Moreover, Generali Investments continues to strengthen its asset management activities in Slovenia, standing by Slovenian investors as a partner in both asset management and financial advisory.

 

Generali Growth Equity Fund was founded in 2019 as part of the Slovene Equity Growth Investment Programme (SEGIP), which was launched upon the initiative of the SID Bank in cooperation with the EIF. It offers equity and quasi-equity financing to Slovenian SMEs and mid-cap companies. The SID Bank committed to contributing EUR 50 million of its own funds to SEGIP (without state guarantee), and the EIF has provided an additional EUR 50 million under the European Fund for Strategic Investments (with EFSI guarantee). By mobilising additional funding from other private investors through the SEGIP programme, overall investments for Slovenian companies exceeds EUR 150 million, which is 3-times the contribution of the SID Bank.

 

 

Notice of closing the sale of a share in Generali Investments d.o.o., Zagreb

 

Investors may request additional information by sending an e-mail to objave@generali-investments.si.

 

Generali Investments, družba za upravljanje, d.o.o.
Management Board

 

 

Generali Umbrella Fund wins five silhouettes; in the most difficult year ever for bond markets, Generali Bond proclaimed the best fund of the decade

 

 

Each year, the Moje finance magazine proclaims the best mutual and pension funds, and the best asset manager. Based on a methodology comparing fund performance with that of their benchmarks, a total of 99 funds in 11 different groups were assessed over a 3-year period, and 74 mutual funds in 11 groups were assessed over a 10-year period.

Among all the funds assessed, the following Generali Investments funds win the best assessment, i.e. five stars:

  • Generali Bond – EUR, the best fund over 3-year and 10-year periods in the European Corporate and Aggregate Bond category,
  • Generali Corporate Bonds – EUR, the best fund over 3-year periods,
  • Generali MM, Money Market, the best fund over the 10-year period in the Money – EUR category, and
  • Generali Rastko Europe, Equity, the best fund in the Equity – Europe category over a 10-year period.

 

In addition, Generali Bond – EUR, was declared the best bond fund of the decade. Primož Cencelj, CFA, who is in charge of managing bond investments at Generali Investments, again qualified among the top three asset managers, missing first place by a hair’s breadth.

 

Luka Flere, member of the Management Board of Generali Investments, says: “Making your money grow by investing in funds is a marathon effort. Not only was last year challenging for the bond market, it was even the most challenging in its history. In such a difficult environment, we have again proven that we are able to deliver on our mission, which is to provide high-quality, well-governed and diversified asset management services along with long-term profitability for our investors. The current situation of rising interest rates and inflation is making active asset management an even more challenging job.”

 

 

 

 

Notice on the signing of an agreement on the sale of a share in the Croatian company Generali Investments d.o.o.

 

Investors may request additional information by sending an e-mail to objave@generali-investments.si.

 

Generali Investments, družba za upravljanje, d.o.o.
Management Board

 

 

 

Generali Investments takes steps towards promoting sustainability


As of 1 February 2023, Generali Investments – the oldest asset management company in Slovenia and a member of the Generali Group – amended the investment process of 11 of its 15 Generali Umbrella Fund subfunds by integrating sustainability risk in their investment decision-making. These funds qualify as the financial products referred to in Article 8 of the SFDR Regulation*, i.e. funds promoting environmental and social characteristics.

Investors keen to contribute to sustainable development

Generali Investments believes it can play its part at a time marked by growing threats to the environment, negative climate change, and demands to meet higher social and corporate standards by promoting sustainability performance of the issuers of the financial instruments invested in by its subfunds. This certainly goes hand in hand with the general trend towards more sustainable development, and the increasing desire of most investors to themselves contribute to a sustainable future.

Key changes lead the investment process towards more sustainable development

From now on, the investment process will employ the ESG integration approach. The attainment of the new investment objective of the aforementioned 11 subfunds, which is defined as capital growth pursued by promoting environmental and social characteristics, will be measured by means of a joint indicator, i.e. the share of the assets of each of the subfunds covered by the ESG integration strategy. Investments considered to be aligned with environmental and social characteristics promoted by each of the subfunds will represent between 75% and 100% of their assets.

The Generali Group, one of the largest global financial and insurance groups (of which Generali Investments is a member), integrated sustainability principles into its business processes some time ago. Care for a more sustainable future is reflected in its investment decisions, employee engagement and customer relations. The objective is to create competitive returns in the long-term while at the same time generating positive impacts for society (S), the environment (E) and corporate governance (G) – the ESG factors. The integration of the ESG principles requires engagement and action on the part of all stakeholders: firstly, the state, whose task is to regulate this area in a systemic way, with appropriate incentives and laws. Secondly, companies, who will have to implement the laws and other rules in their business, amending their business processes accordingly. Just as important stakeholders are financial institutions catering for appropriate capital allocation and individuals displaying responsible conduct.

SFDR means Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector, which lays down rules for financial market participants and financial advisers on transparency with regard to the integration of sustainability risks and the consideration of adverse impacts in their processes and the provision of sustainability‐related information with respect to financial products.

 

**ESG is an abbreviation denoting Environmental (E), Social (S) and Governance (G) factors.

 

Generali First Selection and Generali Vitality receive the highest Morningstar overall rating of 5 stars for asset management

“Uncertain” is the word that best describes 2022. War on the doorstep of the European Union, inflation at rates reminiscent of the 1980s, the rise of dictatorships and the fastest rate hike in US history are the topics that have shaped capital markets over the past year. Economic recovery expected to occur after the end of the pandemic was weaker than foreseen due to the decline in consumer and investor confidence. The global capital markets in 2022 saw central banks reversing their policies after almost a decade, sharply raising the price of money. This brought high volatility to equity and bond markets, with the latter seeing the biggest slump in the last 50 years.

Despite the great uncertainty, Generali Investments ended the year with results testifying to its consistent professionalism and excellence in the active management of investors’ assets: 12 out of the 15 subfunds of the Generali Umbrella Fund outperformed their benchmarks in the period from 31 December 2021 to 31 December.

The above is also confirmed by the international Morningstar rating.

Five of our funds earned a Morningstar rating of a maximum of 5 or 4 stars, ranking among the top 10% of the funds rated in each category (5 stars) or among the next 22.5% of the funds (4 stars). On 31 December 2022, Morningstar assigned the overall rating of 5 or 4 stars to the following Generali Umbrella Fund subfunds:

 

 

*Morningstar, an independent and highly acclaimed rating agency based in the US, has been rating funds across the world since 1985. Funds are rated according to their risk-adjusted returns, also taking account of their investment policies and expenses. Funds are ranked within their respective categories, with ratings recalculated each month. The highest rating is 5 stars. The best 10% of funds in each category receive 5 stars, the next 22.5% four stars, the middle 35% three stars, the next 22.5% two stars, and the bottom 10% receive one star. Funds are rated for ten-, five-, and three-year periods, and these ratings are combined to produce an overall rating. How the overall rating is formed: for funds with at least 3 years and less than 5 years performance history, their 3-year star ratings will be the same as their overall star ratings. For funds with at least 5-year and less than 10-year records, their 5-year histories will count for 60% of their overall rating and their 3-year rating will count for 40% of the overall rating. For funds with at least 10 years of performance, the overall rating will be weighted as 20% for the 3-year rating, 30% for the 5-year rating, and 50% for the 10-year rating.

 

 

Copyright © 2020 Morningstar Deutschland GmbH. All rights reserved. Information in this publication: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

 

 

 

Generali Investments Slovenia signed an agreement to transferring the management of Generali Growth Equity Fund to ALFI PE

 

The transaction will not change the Fund’s policy neither will have any impact on the Fund’s investors. The Generali Group remains the Fund’s second largest investor, after the European Investment Fund (EIF). To close the transaction, approvals of the relevant bodies of the Fund and regulatory authorisations must be obtained.

Generali Growth Equity Fund, a private equity fund, invests in small and medium-sized companies with strong growth potential, offering them support for growth financing, capacity expansion, sales network building and new product development as well as the acquisition of competitors and management of succession matters. Its investment portfolio consists of investee companies demonstrating a sustainability focus, a high level of development, keeping up with the latest trends and an extraordinary growth potential.

ALFI PE d.o.o. is a member of ALFI SKLADI, the largest group for alternative investment fund management in Slovenia, incorporating five different alternative funds with more than EUR 400 million of assets under management. ALFI PE d.o.o. also manages the largest private equity fund established in Slovenia, ALFI PE SIS k.d.

 

 

 

Generali Growth Equity Fund was founded in 2019 as part of the Slovene Equity Growth Investment Programme (SEGIP), which was launched upon the initiative of the SID Bank in cooperation with the EIF. It offers equity and quasi-equity financing to Slovenian SMEs and mid-cap companies. The SID Bank committed to contributing EUR 50 million of its own funds to this programme (without state guarantee), and the EIF has provided an additional EUR 50 million under the European Fund for Strategic Investments (with EFSI guarantee). By mobilising additional funding from other private investors through the SEGIP programme, overall investments for Slovenian companies exceeds EUR 150 million, which is 3-times the contribution of the SID Bank.

 

Generali Growth Equity Fund completes the acquisition of a share in Zobozdravstvo Diamant d.o.o.

 

Zobozdravstvo Diamant d.o.o. is the largest private dental centre in Slovenia headquartered in Celje, currently operating with ten dental chairs. Its core activities include prosthetics, orthodontics, implantology, dental conservation and endodontics. The company pursues a clear business strategy, focusing on customers – patients. Thanks to using sophisticated high-tech instruments and materials, the company provides its patients with high-quality services according to the one-stop-shop principle, satisfying medical, functional and aesthetic needs.

Through the Fund’s entry in the ownership structure, Zobozdravstvo Diamant will gain more financial strength and at the same time benefit from additional professional support and expertise in business expansion, thereby further consolidating its leading role in providing high-quality dental services.

Together with the founder, who is keeping a share in the company, the Fund plans expansion throughout Slovenia. This will help Zobozdravstvo Diamant bring its high-quality services closer to people in the entire country.

Generali Growth Equity Fund is a special investment fund managed by Generali Investments, Slovenia’s oldest management company with subsidiaries in Croatia and North Macedonia. Generali Growth Equity Fund invests in ambitious small and medium-sized companies, offering support for growth financing, capacity expansion, sales network building and new product development as well as the acquisition of competitors and management of succession matters.

 

 

 

The Generali Growth Equity Fund investment in Zobozdravstvo Diamant, d.o.o., is co-financed by the European Investment Fund and the SID Bank. Generali Growth Equity Fund was founded in 2019 as part of the Slovene Equity Growth Investment Programme (SEGIP), which was launched upon the initiative of the SID Bank in cooperation with the European Investment Fund (EIF). It offers equity and quasi-equity financing to Slovenian SMEs and mid-cap companies. The SID Bank committed to contributing EUR 50 million of its own funds to this programme (without state guarantee), and the EIF has provided an additional EUR 50 million under the European Fund for Strategic Investments (with EFSI guarantee). By mobilising additional funding from other private investors through the SEGIP programme, overall investments for Slovenian companies could exceed EUR 150 million, which is 3-times the contribution of the SID Bank.