Kaldemorgen, manager of flagship DWS fund, to step down in 'foreseeable future'
19/05/2025 14:39
FRANKFURT, May 19 (Reuters) - DWS DWSG.DE portfolio manager Klaus Kaldemorgen plans to quit managing the 14.5-billion-euro ($16.32 billion) mixed asset fund Concept Kaldemorgen in the foreseeable future, newspaper Handelsblatt quoted him as saying on Monday. "In the foreseeable future, Christoph Schmidt will assume sole responsibility for the fund and I will step down from the co-management structure," he told the paper, declining to be more specific on the timing. Kaldemorgen, aged 71, has run the fund together with Schmidt since 2022, Handelsblatt added. ($1 = 0.8887 euros) (Reporting by Ludwig Burger, editing by Rachel More) ((ludwig.burger@thomsonreuters.com;))