This month in Institutional Investor extra: Can the CEO of Munich Re, Nikolaus von Bomhard, sustain growth and keep activist investors at bay? In our Did II Say That? segment read what we said back in June 2001 about UBS’s U.S. ambitions.

Your extra content from Alpha this month includes an interview with Denise Nappier, Connecticut treasurer, and a breakdown of the contributions hedge funds are making to the fortunes of the U.S. presidential candidates.

Don’t forget to look out for your May issue of Institutional Investor magazine and visit our website at www.iimagazine.com for Europe’s Best CEOs and the 2008 All-Asia Research Team – released this month.

New this month inside

Institutional Investor:
• Restoring Munich Re
• Did II say that?
Compliments of Alpha:
• Interview with Connecticut State Treasurer Denise Nappier
• Hedge Fund Donations to Barack Obama

Institutional Investor magazine has been the flagship publication of Institutional Investor for nearly 40 years. With ground-breaking, detailed, coverage of the events, issues and people that impact the global finance world, it is the only magazine you need to know the happenings in the industry.

Download Institutional Investor extra, May 2008

PDF format, 7.2MB, 14Pages.

Restoring Munich Re
Nikolaus von Bomhard has turned the giant German reinsurer around by stressing profit over market share. Can he sustain growth and keep activist investors at bay?
By Jonathan Kandell

Nikolaus von Bomhard is no stranger to adversity. When the 52-year-old reinsurance veteran became chief executive of Munich Reinsurance Co. in January 2004, the German company was reeling from a string of disasters — mostly man-made. Heavy investment exposure to equities and an ill-fated expansion in the U.S. had been hammering earnings since 2001, and the company was about to report a €434 million loss (then worth $536 million) for 2003 because of massive write-downs at HypoVereinsbank, the German bank in which it owned a 25.7 percent stake. Standard & Poor’s had recently cut the reinsurer’s credit rating by one notch, to A+, hiking the group’s funding costs. ...

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