Committed to Value Investing

Moritz Bals

Account Manager Operations

Moritz joined Lingohr & Partner in 2020 in the Operations Department. He is responsible for securities administration, the processing of transactions and other operational activities.

As a trained banker, he has already gained extensive experience in various areas of the financial industry.

What you should know about him personally:

Moritz enjoys playing badminton in his free time. He prefers to do this in doubles, as this is where team spirit can be demonstrated. His second passion besides sports is music. He loves to get creative and plays various instruments.

Alexander Brandl

Senior Software Developer

Alexander Brandl joined Lingohr & Partner in 2011. He is mainly responsible for further development of the in-house software systems and databases.

Alexander has been working in software development for financial services firmssince 2005. He has a degree in mathematics and successfully completed his studies at the University of Regensburg.

What you should know about him personally:

Alexander prefers to spend his free time on hiking and cycling tours.

Dana Deusing

Senior Portfolio Manager

"If you change the way you look at things, the things you look at change.“

Dana Deusing works as a Senior Portfolio Manager and has been a member of the team since 2007. After completing her bank apprenticeship at Deutsche Bank, her professional career took her for three years to auditing and tax consultancy. In 2000 she moved to the portfolio management division of Generali Investments in Cologne and subsequently found her way to Lingohr & Partner.

Dana holds a degree in business administration from the university of applied sciences FH Niederrhein. In addition, she holds a CFA Charterholder degree and has successfully completed a training as an EFFAS Certified European ESG Analyst.

What you should know about her personally:

Born in the Lower Rhine region, near the Dutch border, her adopted domicile has been Cologne since the turn of the millennium. She has actively practiced martial arts for two decades and has a black belt in Karate.

Martin Dinslage

Portfolio Implementation Associate

Martin Dinslage started as an intern at Lingohr & Partner in 2005. He then worked for several years as an assistant in the Portfolio Management until he focuses on portfolio implementation in 2016.

Martin joined Lingohr & Partner after completing his vocational training. He progressed with on-the-job trainings and continued external education.

What you should know about him personally:

Martin enjoys barbecuing and playing with his daughter Elsa Uno.

Monika Gutsch

Accountant

Monika Gutsch is responsible for financial accounting as well as the administration and organization at Lingohr & Partner.

She worked as an assistant tax and management consultant before joining Lingohr & Partner in 2010.

William H. Herpichböhm

Portfolio Manager

William Herpichböhm has been a Portfolio Manager at Lingohr & Partner since 2019 and specializes in small caps and ESG investments. Prior to his current role, he began as investment analyst at Lingohr & Partner in 2018.

William has a M.Sc. in Management from the University of Mannheim and a B.A. the HFU Business School. During his studies, he completed a semester in the MBA program at Pepperdine University (Graziadio Business School), a semester at Northwest University in Xi’an and a semester at Xiamen University. He also spent practical semesters in Beijing and Hong Kong. Furthermore, he is a EFFAS Certified European ESG Analyst.

What you should know about him personally:

As a US-German with life experience in China, he has a profound interest in cultures, languages and travel. He spends his downtime at the gym, reading, and playing the piano.

Axel Jelunke

Senior Portfolio Manager

„We should say what we think, we should do what we say. And we should finally be what we do”
- Alfred Herrhausen

Axel Jelunke has been working for Lingohr & Partner since 2006. In his function, he is responsible for portfolio management as well as servicing private wealth mandates and family offices. As product specialist he is also a point of contact for institutional clients.

Axel has been working in the financial industry since 1987. During his career he worked for various international investment firms. Before he joined Lingohr & Partner, he was a Departmental Director at HSBC Trinkaus & Burkhardt KGaA in Duesseldorf.

What you should know about him personally:

Axel is interested in contemporary art and spends much of his free time in museums and at art fairs.

Christina Klomfaß

Account Manager Operations

„Even the longest journey begins with a first step“

Christina Klomfaß has been working in the operations department since 2007. Accordingly she has extensive experience in securities management and back-office processes.

Christina joined Lingohr & Partner after completing her vocational training at Dresdner Bank.

Reinhard Niebuhr

Senior Portfolio Manager

Reinhard Niebuhr has been a Portfolio Manager at Lingohr & Partner since 2011 and focuses on the financial, utilities and telecommunications sectors as well as emerging markets. He has been working in the financial industry since 1981 in various functions (including investment advisory, risk controlling, and portfolio management).

After his vocational training as a banker, Reinhard studied at the University of Wuppertal and graduated with a degree in economics. He also successfully completed additional training as a banking specialist („Bankfachwirt“).

What you should know about him personally:

While Reinhard’s family traces back to the “Emsland”, a region in the northwest of Germany, he was born in the “Rhineland”. This makes him the first "genuine" Rhinelander of the family. His ability to endure hard times, crucial to being a long-term value investor, also proves applicable to him being an avowed fan of Fortuna Düsseldorf. He kicks the ball himself once a week with friends to combine the fun of movement with the fun of meeting people.

Oliver Nitsch

Portfolio Manager

Oliver Nitsch has been a Portfolio Manager at Lingohr & Partner since 2019. He focusses on global equities. Oliver joined the company in 2016 and prior to his current role he worked as Investment Analyst within the Investment Management department and as Associate in the institutional business.

Oliver graduated from Maastricht University with a master’s degree in International Business/Finance. During his bachelor’s studies he spent a semester abroad at the University of Florida in the US. He is certified as EFFAS Certified European ESG Analyst.

What you should know about him personally:

His hobbies include fitness, especially weightlifting, and cooking.

Josef Park

Head of Operations

Josef Park completed his vocational training in 2008 at Lingohr & Partner. As head of Operations department he is responsible for the securities administration, back-office processes, and reporting to customers and supervisory authorities.

Josef is a trained office administrator.

What you should know about him personally:

Josef's great passion is golf. He plays since his youth for his club “Golfpark Meerbusch” and is also a part of their 1st Club-Team. A respectful and friendly approach on the course as well as in the office suits his character.

Robert Posielek

Head of IT

„A program always does what you write, not necessarily what you want“

Robert Posielek joined Lingohr & Partner in 2016 as a Senior System Engineer and by now heads the IT department. In addition to his responsibility for all internal IT processes and systems, he manages our software development and coordinates efforts with relevant service providers.

Robert graduated with a diploma in computer science and electrical engineering from RWTH Aachen. Since the 1990s he has been working as a software developer and database engineer in the insurance and banking sector with focus on asset management and investments.

What you should know about him personally:

Robert corresponds to the cliché of a typical software developer: He is a passionate science fiction fan, interested in quantum physics, the theory of relativity, and Zipf's law.

Dr. Stefan Schüder, CFA

Senior Portfolio Manager

"Think deeply, act precisely, relax passionately.“

Dr. Stefan Schüder has been Portfolio Manager at Lingohr & Partner since January 2022 and is responsible for the further development of value-oriented, systematic stock selection including multifactor models. Model development and the continuation of the research processes are his mission. Prior to his current role, he was a Senior Quantitative Analyst and Portfolio Manager at ODDO BHF and Lampe Asset Management.

Dr. Stefan Schüder holds a PhD in economics from the University of Göttingen. In addition to international academic conferences, he completed a research stay at Stellenbosch University and studied two semesters at the Grande École IÉSEG in Lille.

What you should know about him personally:

He rides his bike almost every way, loves all kinds of team sports and is passionate about dancing. In the pub, you can always find him near the foosball table.

Steffen Ulshöfer

Managing Director (COO)

"Clients don’t create work, they are our work."

Steffen Ulshöfer has served as Managing Director of Lingohr & Partner since 2017. In this function he is responsible for client services, sales, and operations. He has been with the company in various positions since 2007. Prior to his current role, he was, among other things, assistant to the management board and head of institutional clients & products.

Steffen holds a M.Sc. in Finance from the European Business School in Oestrich-Winkel and a B.A. from the RheinMain University of Applied Sciences in Wiesbaden. He completed academic semesters at Vanderbilt University (Owen Graduate School of Management) and at the Universidad de Sevilla.

What you should know about him personally

Because of his hometown Frankfurt a. M. he is a passionate supporter of Eintracht. He finds balance in reading thrillers - often about A.I.- in yoga as well as in various other sports.

Goran Vasiljevic

Managing Director (CEO, CIO)

"Investing is my passion, but outperformance is my mission."

Goran Vasiljevic is the Chief Investment Officer and Speaker of the Management Board (CEO) at Lingohr & Partner. He is responsible for the strategic direction of the company and the investment strategy. Goran joined Lingohr & Partner in 2011 as Senior Portfolio Manager and worked directly for the company’s founder Frank Lingohr. As his designated successor, he took responsibility for research and product development in 2015 and subsequently for the entire investment strategy.

Goran holds a B.Sc. in Management and Finance and a M.Sc. in Finance from Tulane University. After his studies in 2005, he worked in different positions in equity research, business valuation, and M&A.

What you should know about him personally

Goran is not just a passionate value investor, but also a passionate family man for his three children and wife. If he has some time in between, he is still drawn to the tennis court. The foundations for his ambition, perseverance and mental strength was laid in his early years on the clay court.

Fabian Graf von Einsiedel

Portfolio Manager

„If you want a better return then the masses, then you have to react differently then the masses.“
- Sir John Templeton

Fabian Graf von Einsiedel has been working for Lingohr & Partner since 2006. In his function he is responsible for the private client business. He acts as Portfolio Manager, private client advisor and contact person for family offices.

Fabian joined the private bank Trinkaus & Burkhardt in 1983 after completing his commercial training. He expanded his knowledge of finance at an early stage through several trainee programmes. For 12 years he was director in the foreign exchange trading department at Trinkaus & Burkhardt. During this time he was also head of sales and gained extensive experience in asset management in Germany and abroad before joining Lingohr & Partner.

What you should know about him personally:

Fabian is a passionate hunter, fly fisherman, enthusiastic tennis player and a very big “BVB” supporter. He loves fast cars - especially historic racing cars - and is always available for occasional adventure trips. Despite these countless passions, family is his top priority.

Oliver Weiler

Head of Portfolio Implementation

Oliver Weiler heads the Portfolio Implementation Team since 2016. In his function, he is responsible for the implementation of investment ideas in the individual portfolios. Oliver has already been working in various functions at the company since 2007. Prior to his current position he was Senior Portfolio Manager.

Oliver studied at the University GH Siegen and graduated with a degree in mathematics. After completing his studies, he has been working in the financial sector since 1997 in various functions (auditing, internal auditing, risk controlling, portfolio management). He also holds a degree as an EFFAS Certified European ESG Analyst.

What you should know about him personally:

Oliver has a special connection to numbers, but spends most of his free time in outdoors: Whether as a companion for his daughters at horse shows or with his two dogs in the forest.