Corporate | 29 January 2010 08:09
HCI Capital AG / Miscellaneous
29.01.2010
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HCI Capital places around EUR 126 million equity capital in 2009
* Ship investment remains strongest asset class
* Expansion of asset class renewable energy in 2010
* Start of HCI residential real estate fund in Hamburg
Hamburg, 29 January 2010 - HCI Capital AG, one of the leading independent
issuing houses for closed-end funds, achieved a placement result in 2009 of
about EUR 126 million. 'Despite the extremely difficult market environment,
with our customised product solutions for investors we placed a wide range
of investments across various asset classes,' said Dr. Ralf Friedrichs,
Chairman of the Management Board of HCI Capital AG. 'In particular, our
innovative products such as asset creation plans and guarantee products
were well received by investors.'
The continuing global financial and economic crisis has had an enormous
impact on investors' behaviour in 2009. As with many other product classes,
the market development of closed-end funds was marked by strong investor
restraint. During 2009, the total market for closed-end funds saw a
significant reduction in placement against the previous year.
Correspondingly, the placement result for the HCI Group in the 2009
financial year totalled about EUR 126 million and was significantly lower
than in the previous year (EUR 598.6 million).
Ship funds succeed with customised concepts
Bucking market trends, ship investments remain the strongest product area
for the HCI Group. HCI was able to raise approximately EUR 85.7 million in
equity capital in this area. This comprises about EUR 51.2 million for
classic closed-end funds, EUR 18.9 million in asset creation plans, and EUR
9.3 million for guarantee products. This category also includes the two
capital guaranteed certificates based on the Baltic Dry fright rate index
that HCI marketed in September and November 2009, respectively. Here HCI
was able to place around EUR 6.3 million in investor equity capital.
Expansion of renewable energy segment with solar power funds
The HCI Group achieved a placement result totalling some EUR 24 million in
the Energy and Commodities product area. The HCI Group was able to close
its first solar power fund, HCI Energy 1 Solar, as early as August 2009
after only a short placement period when it reached the target placement
volume of EUR 10.2 million. The capital guaranteed version of the Deepsea
Oil Explorer also raised around EUR 4.9 million by the end of 2009. The
classic closed-end fund HCI Deepsea Oil Explorer achieved a placement
volume of some EUR 9 million during the reporting period. In the Secondary
Life Insurance Market product area a total of EUR 12.5 million was raised
with the product HSC Optivita XI UK and asset creation plans.
Start of HCI residential real estate fund in Hamburg - Second solar power
fund in preparation
After the successful placement of the first solar power fund in the
previous year, the HCI Group is planning a further solar power fund to
invest in two solar power parks in southern Germany. This fund is set to be
made available to investors for subscription in the first quarter of 2010.
In addition to renewable energy products, at the moment investors are
strongly focussed on real estate investments. In January 2010, HCI began
marketing the new residential real estate fund HCI Wohnkonzept Hamburg,
which invests in energy-efficient new residential real estate in the
Hamburg metropolitan area. In 2010, the HCI Group intends to continue
expanding its real estate investment products and its renewable energy
product range. HCI will also continue to offer a wide range of customised
products in the asset class Ship.
HCI Capital AG will publish its full 2009 Annual Report on March 15th ,
2010.
About HCI:
Established in 1985, the HCI Group creates closed-end funds and investments
with a capital guarantee in the areas of Transport and Logistics, Energy
and Commodities, Real Estate and Secondary Life Insurance Market. More than
122,000 clients had invested around EUR 5.9 billion in 508 issues, with an
investment volume of EUR 14.8 billion (figures as at 31 December 2009),
making HCI one of the leading independent issuing houses in Germany. HCI
Capital AG has been listed on the stock exchange since October
2005.
Contact:
HCI Capital AG
Dr. Olaf Streuer
Head of Corporate Communication / Business Development
Tel: +49 40 88 88 1 1100
olaf.streuer@hci-capital.de
29.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: HCI Capital AG
Burchardstraße 8
20095 Hamburg
Deutschland
Phone: +49 (0)40 88881-0
Fax: +49 (0)40 88881-199
E-mail: ir@hci-capital.de
Internet: www.hci-capital.de
ISIN: DE000A0D9Y97
WKN: A0D9Y9
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, München, Hannover, Düsseldorf,
Stuttgart
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