Mediolanum Group acquired Gamax Management AG in 2001. In 2007 Mediolanum decided to sell GAMAX Broker Pool (a network of independent IFA’s) but to retain GAMAX Management AG and the FCP funds.
Through selling the distribution channel, Mediolanum recognised that GAMAX Management AG’s business model was changing. GAMAX became an independent niche provider of actively managed, high conviction and low volatility investment funds for existing clients (including GAMAX Broker Pool AG) and potential institutional/wholesale investors. The distribution of GAMAX funds extended beyond its original presence in Germany to new territories including Italy, Spain, Switzerland and the UK.
The appointment of DJE in October 2007 also helped shaped a product range fit for purpose for the new targeted channels. DJE is a market leader and very successful asset manager, having won a number of national and international awards while also being very well recognised and regarded by IFA’s both in Germany and abroad.
GAMAX now manages assets totalling approximately EUR 1,009 million (as of December 31 2018).