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EQUITY AND BOND INVESTMENTS FOR 25 YEARS, MADE IN GERMANY

That

Is

TBF

Corporate analysis is our passion, understanding complex supply chains is our expertise.

TBF stands for active asset management with the aim of generating long-term added value for its investors and sees itself as a supplier to the financial industry. The cornerstones of our value-oriented day-to-day activities are our in-house company database and risk model, on-site company meetings and a strict investment process with a clear buy and sell discipline.
Are you looking for an individual solution? All of our strategies can also be customized for institutional investors as part of special or label funds - please contact us!
Das Bild zeigt hellgrauen Hintergrund, oben angeschrägt

Die besten Anleihefonds deutscher Vermögensverwalter im vierten Quartal

17. February 2025
Im vorliegenden Format konzentriert sich Citywire Deutschland auf die Investmentfonds von Deutschlands unabhängigen Vermögensverwaltern. Platz 4 für den TBF US CORPORATE BONDS.
Das Bild zeigt einen Dollarschein ganz nah, zu sehen ist nur das Kapitol und ein paar Buchstaben. Titelbild des TBF US CORPORATE BONDS

Die besten Aktienfonds deutscher Vermögensverwalter im vierten Quartal

14. February 2025
Citywire stellt vor, welche Fonds am besten abgeschnitten haben. TBF auf den Plätzen 3, 4 und 5!
Das Bild zeigt eine Zielscheibe, bestehend aus den typischen TBF Polygonen und Punkten. Die Farben sind in verschiedenen Blautönen gehalten.

Episode 27

31. January 2025
Patrick Vogel auf dem Mannheimer Fondskongress über den TBF SMART POWER: Der KI-Hype ist das eine - Strom ist das andere. Wer den Weckruf erst jetzt hört, der hat zu oft auf Snooze gedrückt.
TBF Podcast Cover Patrick Vogel Bild zeigt Patrick Vogel

Die besten zehn Fondsgesellschaften 2025

4. February 2025
Einmal im Jahr zeichnet Capital die besten Fondsgesellschaften Deutschlands aus. Nun stehen die Sieger fest. Auch TBF hat dieses Jahr die Höchstnote von fünf Sternen erhalten.
Das Bild zeigt fünf Hände die sich reihum an den Handgelenken greifen. So entsteht eine Art Fünfeck und der Eindruck von Zusammenhalt. Das Bild hat den typischen TBF Polygonstil

Episode 26

23. December 2024
Kapitalmarktausblick 2025: Die Richtung ist klar, das Tempo kann ein anderes sein - Die Glorreichen Sieben sind eigentlich Acht! Patrick Vogel, leitender Portfolio-Manager bei TBF Global Asset Management, sieht den S&P 500 trotz erster Eindrücke nicht zu teuer.
TBF Podcast Cover Patrick Vogel Bild zeigt Patrick Vogel

TBF SPECIAL INCOME

8. January 2025
TBF meldet sich zurück. Das Manager-Quartett hat den TBF SPECIAL INCOME wieder flott bekommen.
Das Bild zeigt eine Nahaufnahme einer Börsenkursanzeige. Zu sehen ist ein schwankender Aktienchart und einige Zahlen, es spiegelt sich eine Stadt hinter der Anzeige. Titelbild des TBF SPECIAL INCOME

TBF GLOBAL VALUE

27. December 2024
Peter Dreide und Patrick Vogel sind unter den renommierten Fondsmanagern des Jahres 2024 mit dem TBF GLOBAL VALUE.
Das Bild zeigt den TBF CIO Peter Dreide im Vordergrund, dahinter ist TBF Senior Fondsmanager Patrick Vogel zu sehen und im Hintergrund ein Weltkugel aus Glas

Platz 4 für TBF US CORPORATE BONDS

27. December 2024
Welche Fonds Deutscher Vermögensverwalter haben im dritten Quartal am besten abgechnitten. Weiter zu citywire.com.
Das Bild zeigt einen Dollarschein ganz nah, zu sehen ist nur das Kapitol und ein paar Buchstaben. Titelbild des TBF US CORPORATE BONDS

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In our media library you can find out everything about current market trends, our investment strategies and the TBF fund´s universe. Be inspired and get valuable ideas for your investment decisions in our expert interviews.

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Stay informed and get valuable first-hand knowledge. Our webinars offer exclusive insights into current investment topics and trends. We look forward to sharing ideas online and at events. Join us and expand your investment strategies!
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Annette Jäger

sustainable finance manager
The trained banker began her professional career as a private customer advisor at Dresdner Bank AG in Fulda.
She has 25 years of experience in supporting wealthy private clients in all aspects of asset investment and structuring. In addition to Dresdner Bank AG Deutschland, Dresdner Bank Luxembourg S.A. was also included. and asset management at Sparkasse Bodensee are among her many years of experience.
After successfully completing her studies in business law – sustainability and ethics, she specialized in the area of ​​sustainable finance.
Since the beginning of 2021, she has been responsible for ESG at TBF Global Asset Management GmbH as Sustainable Finance Manager.

Birgit Kluge

risk manager
Birgit Kluge has been part of the TBF team since May 2011. At the beginning she took responsibility for fund accounting, where she kept the order books and ensured securities settlement. She was also responsible for futures and foreign exchange trading.
In 2017 she successfully completed the DVFA program AIM - Applied Investment Management to become a certified portfolio advisor. She is currently working in risk management, where she responsibly manages monitoring and compliance with investment limits.

Dennis Hordorff

head of risk management
folgt ...

Thomas Pfeifle

fund manager
Thomas Pfeifle is a portfolio manager at TBF and is responsible for portfolio construction and monitoring, as well as the identification of global best ideas in the equity sector. His academic background includes a trilingual degree in international business administration at the HFU Business School, supplemented by a semester abroad at the Grande École Léonard de Vinci in Paris. He completed his Master of Science in Management at the University of Mannheim with a focus on finance and philosophy. During his master's degree in Mannheim, he gained valuable experience in portfolio management and trading as an intern and working student at TBF before joining the team as a portfolio manager in February 2025. With his global view of stocks, he contributes significantly to the strategic alignment and optimization of portfolios.

Michael Zanker

fund manager
Michael Zanker startete in der Finanzbranche mit einem dualen Studium an der DHBW Karlsruhe mit einem betriebswirtschaftlichen Studium, welches eine Spezialisierung auf Banken auszeichnet. Nach dem Bachelorabschluss spezialisierte er sich auf das Privatkundengeschäft bei der Volksbank Pforzheim, wobei die Wertpapierberatung prägend war.

In 2018, he began his Master of Science in International Finance, which he completed with honors for his academic achievements. Following this, he worked as a portfolio manager in asset management at Sparkasse Pforzheim Calw. He was responsible for the strategic and tactical asset allocation of three multi-asset funds and the management of foundation portfolios. The main focus of his work was global equity selection. In managing the multi-asset funds, he implemented fundamental valuation models for companies and quantitative methods for portfolio risk management within the investment process.

Since April 2023, Michael Zanker has been working as a portfolio manager at TBF Global Asset Management GmbH, complementing the equity team with a focus on financial, pharmaceutical, and consumer stocks.

Maximilian Dreide

fund manager
Maximilian Dreide developed a passion for IT early on during his Bachelor's degree in Business Administration at the University of Frankfurt. He was able to deepen his expertise through student trainee positions at a Frankfurt-based FinTech startup, the brokerage firm Jefferies, the automotive supplier Leoni, and TBF.

From 2020 to 2023, he gained further technical product and project management experience at Swisscom, Switzerland's largest IT service provider.

Since January 2023, Maximilian Dreide has rejoined the TBF team, contributing new ideas and expertise to the management of TBF GLOBAL TECHNOLOGY.

Daniel Dreher

fund manager
After completing his apprenticeship as a banker at Volksbank Baden-Baden Rastatt eG, he immediately began a trainee program to become a securities specialist in Volksbank's Private Banking division. After completing the trainee program in 2011, he was initially responsible for the bank's product portfolio as a securities specialist before becoming an advisor to wealthy private clients within the Private Banking division.

He began studying part-time in 2010, successfully completing his Bachelor of Arts in Finance and Management. In 2017, he completed his Master of Science in General Management. He counts his internship in Group Treasury at DZ BANK AG in New York as one of the most important and valuable experiences he had during his studies.

Since October 2017, he has been employed as portfolio manager at TBF Global Asset Management GmbH and is in charge of defensive mandates most importantly the segment of European special situations.

Sebastian Schütt

Head of trade
After his apprenticeship as a banker at Dresdner Bank AG in Frankfurt am Main, he studied international business administration. This was followed by positions as a sales trader/stock broker at well-known and internationally operating institutions, including Cantor Fitzgerald International, where he worked most recently as a partner.

From 2010 to 2013, he was in charge of setting up institutional stock trading in Frankfurt am Main for Hauck & Aufhäuser Privatbankiers, focusing on small and mid caps. Similar positions in other institutions then followed. Most recently, he was employed at BNY Mellon at the multi-asset trading desk.

TBF has benefited from his expertise since December 2017. He is primarily responsible for further developing portfolio management processes and TBF's trading standards.

Patrick Vogel

Senior fund manager
Patrick Vogel began his career at Deutsche Bank/DWS. There he worked as a portfolio manager in the equities, multi-asset and fixed income sectors. He then worked at MainFirst for more than ten years. Patrick Vogel was part of the Global Equities / Multi Asset team for a long time and was appointed to the Management Board as Head of Portfolio Management in 2021. He was responsible for the implementation of sustainability approaches. He completed his Master's degree at the Frankfurt School of Finance & Management and is also a Certified Expert in Sustainable Finance.

Patrick Vogel joined TBF in January 2023 as Head of Strategic Asset Management and Senior Portfolio Manager.

Roman Kostal

Senior fund manager
Roman Kostal has over 25 years of experience in managing global fixed income funds and mandates. Previously, he was responsible for the management of global fixed income funds and mandates with an active currency approach at MainFirst, Eaton Vance and Oechsle International, primarily for institutional clients. Roman holds a bachelor's degree in economics from the University of Ostrava (Czech Republic) and a degree in business administration from the University of Regensburg. He is also a certified European Financial Analyst (CEFA).

Roman Kostal joined TBF as Senior Fund Manager in December 2022.

Roman Kostal

Senior fund manager
The graduate in economics and business administration began his investment career in 1987 at Bankers Trust, followed by positions at JP Morgan and Dresdner Kleinwort. At Ethenea Independent Investors, he was CIO and lead manager for global bonds in developed nations for eleven years. He played a key role in the company's success and was able to deliver decisive added value for all bond portfolios with his approaches.

He has been part of the TBF team since August 2019. As Senior Portfolio Manager and CEO, he is responsible for all of TBF's bond investments together with his colleague Roman Kostal.

Peter Dreide

CIO and founder
Peter Dreide was characterized at an early stage by his determination and sense of responsibility. So it was only natural that the later founder and CIO of TBF Global Asset Management GmbH moved to Canada to take on new challenges in 1992. He started his career as an investment consultant at Deutsche Bank AG. In Canada, he worked for McLean McCarthy in the institutional brokerage sector and headed the International Sales department for German clients.

This was followed by senior positions at Barclays de Zoete Wedd, Deutsche Morgan Grenfell in London and Head of Domestic and International Sales at Deutsche Bank Securities in Canada.

He moved back to Germany with his wife and three children and founded his own company, TBF Global Asset Management GmbH, in 2000. Since then he acts as Chief Investment Officer.
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