For current
and future
generations

About WEGA is a German single family office with more than 20 years of experience

WEGA is the family office of the Wendeln family, a German entrepreneurial family with roots in the industrial bakery space going back to 1919. The family office was founded in 2000 after the sale of the family’s operating business.

WEGA employs a diversified investment approach, based on the US Endowment model with diversification on a regional and asset class basis. WEGA is committed to the principles of responsible investing.

What’s important to us

Fairness and accountability

Pursuit of excellence

Consistency

CRITERIAManager selection is based on three main criteria

For each fund investment we weigh its prospective returns, the associated risk and its impact on environment and society. Investments should have an ideal balance of all three criteria.

Every prospective investment is subject to a thorough due diligence process and is measured against our investment criteria. The assessment is summarised in the investment.

Return

Long-term, successful track record with existing team and comparable structure

Impact

Generating an active, positive impact on environment and society

Risk

Transparent strategy without tail risks, good interest alignment between manager and investors

Strategy Asset Allocation

Asset Classes

Aside from our focus on high quality managers, our asset allocation targets broad exposure to a diverse set of return and risk drivers. We view diversification as an important input to achieve an attractive risk-return profile.

Regions

To adequately manage global risks and opportunities we choose to invest evenly across the three dominant economies – Europe, North America and Asia.

Equity-like returns with significantly lower drawdown risk and with a positive impact

We invest the family wealth in an efficient and sustainable manner. We identify and back the best fund managers globally across asset classes. We have a long-term investment horizon and invest accordingly.

Efficient and sustainable investing to us refers to an optimal balance between prospective returns, the associated risks and the impact on environment, climate and society at large.

  • Global equities
  • Global bonds
  • WEGA target corridor
strategie-chart-Investitionen WEGA INVEST 1 2 3
  1. Underperformance during bubbles
  2. Wealth protection during drawdowns
  3. Positive absolute return

impactWe want to bring about positive change….

WEGA perceives sustainability as an existential responsibility that we must adhere to as a globally active investor. 

We feel we have a responsibility and have summarized our plan of action in WEGA’s ESG Policy.  

We will continuously expand our impact activities and use our leverage as an investor to maintain the environment for current and future generations. 

We look for investments that actively generate a positive impact. We define impact as the delta that a manager is able to generate for the environment, climate and society.

We expect all our partners to live up to their responsibility. Of our managers, we ask that they optimize the active, positive impact considering the confines of their strategy.


… and set up our portfolio accordingly

Every fund in our portfolio is assigned an impact rating. The rating categorizes funds into five categories ranging from A – High Impact to E – Negative Impact. We regard A- and B-Funds as impact funds.

Our aim is to improve the portfolio’s profile over time. We are actively seeking out A- and B-Funds. Currently, much of the portfolio still falls into categories C and D. Over time we will redeem from E-funds.

ABCDE
High ImpactImpact AmbitionImpact AwarenessNo ImpactNegative Impact
Delta / invested $very highhighuncertainnone, net neutralnegative
% positive impact investments50 – 100%30 – 50%10 – 30%little to nonelittle to none
Odds of delta accomplishmentvery highhighmediumnot relevanthigh, negative
Active impact generationvery highhighmediumnoactive negative
Relevant (impact) expertisevery highhighmediumlownone
Impact credibility & ESG*very highhighmediumlownone
* Policy, other strategies, corporate identity, incentives, footprint, credibility key persons, greenwashing

Team Munich

The WEGA team in Munich (WEGA Invest) and Garrel (WEGA Support) has a total of 16 employees. The team is complemented by an advisory board under the stewardship of family representatives.

Team Munich

The WEGA team in Munich (WEGA Invest Gmbh) and Garrel (WEGA Support GmbH) has a total of 16 employees. The team is complemented by an advisory board under the stewardship of family representatives.

Team

Alexander Wendeln

Advisory Board Member

Bernd Wendeln

Chairman Advisory Board

Dr. Bodo Coldewey

Managing Director | CEO

David Kukulies

Portfolio Manager

Dr. Johanna Günther

Portfolio Manager

Matthias Kray

Managing Director | CIO

Patrick Diener

Portfolio Manager