THE NEW GERMANY FUND


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The New Germany Fund, Inc. Announces Portfolio Manager Changes

Retrieved on: 
Monday, January 30, 2023
Asset Management, Professional Services, Finance, Master of Science, War, GF, Coronavirus, DWS, Investment, NYSE, Heinrich Heine University Düsseldorf, HEC Lausanne, DWS Group, Nature, Terrorism, Sale, University, Fund, Bachelor of Science, University of Mannheim Business School, Security (finance), Bank, Economics

The New Germany Fund, Inc. (NYSE: GF) (the “Fund”) announced today that Leon Cappel will replace Valerie Schueler as the Fund’s portfolio manager effective March 1, 2023.

Key Points: 
  • The New Germany Fund, Inc. (NYSE: GF) (the “Fund”) announced today that Leon Cappel will replace Valerie Schueler as the Fund’s portfolio manager effective March 1, 2023.
  • Mr. Cappel currently serves as the Fund’s deputy portfolio manager and has been a member of the Fund’s portfolio management team since 2022.
  • In addition, effective March 1, 2023, Alexander Lippert will replace Mr. Cappel as the Fund’s deputy portfolio manager.
  • The New Germany Fund, Inc. is diversified, but primarily focuses its investments in Germany, thereby increasing its vulnerability to developments in that country.