Michael Blümke | ETHENEA Independent Investors S.A.

Michael Blümke holds a degree in business administration from the Universität der Bundeswehr in Munich and has more than 15 years’ experience in the asset management industry. After 12 years as officer in the German Armed Forces, he started his asset management career at Versicherungskammer Bayern as Senior Investment Manager for hedge funds.

In 2014, he was promoted to Head of Alternative Investments for Tecta Invest GmbH, a wholly owned subsidiary of Versicherungskammer Bayern. In this role, he was responsible for the asset allocation decisions of a multi-asset fund, private equity, and other alternative investments. He is a CFA and a CAIA charterholder, and is also a Certified Environmental, Social, and Governance Analyst (CESGA). He joined ETHENEA Independent Investors as a Senior Portfolio Manager in 2018.

As one of the Lead Portfolio Managers of the Ethna-AKTIV, Michael Blümke focuses on the fund’s asset allocation.

Information related to Michael Blümke, CFA, CAIA

Market Commentary | 05.09.2023

Macroeconomic house view – August 2023

Despite a slowdown in growth and a monetary policy that is considered tight, the late-cycle economic expansion continues unabated. The global economy is proving more resilient than forecasted and, in the short term, there are no clear signs of impending recession. However, the waning recovery and the mounting challenges in China’s real estate sector and financial sectors are worrying. In our Market Commentary, Michael Blümke outlines Ethenea’s view of the current macroeconomic environment and expectations for the coming quarters.

Market Commentary | 07.08.2023

Macroeconomic house view – July 2023

Despite the most aggressive tightening cycle of the past 40 years, the global economy remains resilient. Although the economy will continue to weaken, the risk of recession has diminished greatly in recent months. In our Market Commentary, Michael Blümke outlines Ethenea’s view of the current macroeconomic environment and expectations for the coming quarters.

Market Commentary | 05.04.2023

From inflation risks to risks to financial stability and back

It's almost exactly three years since the peak of the Covid-19 crisis and it’s fair to say that this crisis is over. But we didn’t have long to wait for the next one. In our latest Market Commentary, Senior Portfolio Manager Michael Blümke gives his views on the current situation.