Hauck & Aufhäuser Fund Services (Hafs), a Luxembourg-based third-party alternative investment fund manager (AIFM), achieved a 5.6% increase in its assets under management and assets under service for 2024. As of 31 December 2024, the total volume across Hafs and its subsidiary Hauck & Aufhäuser Administration Services (Haas) surpassed €110bn, the firm noted in a press release on 31 March 2025, marking a growth of €6bn compared to the €104bn reported at the end of 2023.
The increase reflects Hafs’s continued expansion in both its real assets and financial assets business divisions. Christoph Kraiker, CEO of Hafs, highlighted that the company managed to grow despite a challenging market environment, compounded by geopolitical uncertainties. He noted that there had been a significant rise in demand among institutional investors for bespoke fund solutions that integrate financial assets alongside investment strategies for real assets.
Hafs’s expansion was also driven by the acquisition of over 50 new fund mandates, bringing the total number of mandates to 665 by the end of January 2025. The group, which has over 25 years of experience in designing, managing and administrating fund vehicles under the laws of Germany, Luxembourg and Ireland, is poised to acquire an additional 30 to 40 mandates in the coming 12 to 18 months, the company stated.
Christian Mader, CEO of Haas, further emphasised the company’s focus on enhancing its platform for investment funds through a strategic approach to digitisation. This continuous improvement is designed to meet the evolving regulatory and market demands. Ingo Gozemba, a member of Haas’s management board, added that integrating growing regulatory requirements into solutions remained a key focus for the firm.
Hafs’s real assets business continues to show strong demand, particularly in the areas of infrastructure, private equity, private debt and real estate investments. Kraiker noted that infrastructure funds are particularly sought after, with investments supporting renewable energy projects and the renovation of essential infrastructure such as roads, bridges and railways.
With a team of over 350 professionals, Hafs operates offices in Luxembourg, Germany and Ireland, offering a range of services in structuring, portfolio management, risk management, customer care and ESG advisory. Lisa Backes, a member of the executive board responsible for governance and ESG, stressed the importance of ESG in the company’s operations.