Value Management & Research

Value Management & Research AG (VMR Group) was a German holding company founded in 1993 by hedge fund manager Florian Homm in Kronberg im Taunus. It went public on the Frankfurt Stock Exchange in 1998 and was at times listed in the General Standard and included in the CDAX, later trading only on the Munich Stock Exchange in the m:access segment. In October 2019 the company moved its headquarters to Hamburg. In July 2022 it was renamed NSI Asset AG. The company operates as a holding for several fintech-based companies and real estate participations in Germany. Its holdings have included 4Free AG with subsidiaries Fondsvermittlung24.de GmbH, Geschlossene Beteiligungen GmbH and DGF Deutsche Gesellschaft für Finanzanalyse mbH, as well as DDAG Deutsche Direktanlage AG and G.O. Duwensee & Partner GmbH. These entities are fund brokers, and NSI Asset receives commissions for their services. In 2019 Norm GmbH was added, and at the end of 2020 NSI Sachsen Portfolio GmbH. In March 2024, KD Investment & Consulting GmbH made a takeover and delisting offer to shareholders. In November 2024, the management board and supervisory board resolved to delist from m:access and withdraw from the stock exchange. The company is currently led by CEO Eugen Fleck, with Klaus Schwantge as chairman of the supervisory board.

Value Management & Research AG (VMR Group) was founded in 1993 by hedge fund manager Florian Homm in Kronberg im Taunus, Germany. It went public on the Frankfurt Stock Exchange in 1998. At times, its shares were listed in the General Standard and included in the CDAX index, but later traded only on the Munich Stock Exchange in the m:access segment. In October 2019, the company relocated its headquarters to Hamburg. In July 2022, it was renamed NSI Asset AG. The company operates as a holding for several fintech-based companies and real estate participations in Germany. In 2020, its holdings included 4Free AG with subsidiaries Fondsvermittlung24.de GmbH, Geschlossene Beteiligungen GmbH, and DGF Deutsche Gesellschaft für Finanzanalyse mbH, as well as DDAG Deutsche Direktanlage AG and G.O. Duwensee & Partner GmbH. These entities are fund brokers, and NSI Asset receives commissions for their services. In 2019, Norm GmbH was added, and at the end of 2020, NSI Sachsen Portfolio GmbH. In March 2024, KD Investment & Consulting GmbH made a takeover and delisting offer to shareholders. In November 2024, the management board and supervisory board resolved to delist from m:access and withdraw from the stock exchange. The company is currently led by CEO Eugen Fleck, with Klaus Schwantge as chairman of the supervisory board.

• Founded by Florian Homm in Kronberg im Taunus as Value Management & Research AG.

• Initial public offering on the Frankfurt Stock Exchange.

• Headquarters moved to Hamburg.

• Norm GmbH added to holdings.

• Holdings include 4Free AG, DDAG Deutsche Direktanlage AG, G.O. Duwensee & Partner GmbH, and others.

• NSI Sachsen Portfolio GmbH added to holdings.

• Renamed NSI Asset AG.

• KD Investment & Consulting GmbH makes takeover and delisting offer.

• Management board and supervisory board resolve delisting from m:access and withdrawal from stock exchange.

A German holding company focused on fintech-based companies and real estate participations, providing strategic oversight and capital to its subsidiaries.

• 4Free AG

• Fondsvermittlung24.de GmbH

• Geschlossene Beteiligungen GmbH

• DGF Deutsche Gesellschaft für Finanzanalyse mbH

• DDAG Deutsche Direktanlage AG

• G.O. Duwensee & Partner GmbH

• Norm GmbH

• NSI Sachsen Portfolio GmbH

1. 1NSI Asset AG official websitensi-asset.de
2. 2Corporate Governance – NSI Asset AGnsi-asset.de
3. 3Wikidata: Value Management & Researchwikidata.org
4. 4Wikipedia (German): NSI Asset AGde.wikipedia.org