Company: Allianz Technology Trust (ATT)
Date: 26 January 2022
Presenter: Michael Seidenberg (Portfolio Manager)
Company Information: The award-winning Allianz Technology Trust offers investors access to the fast moving world of technology, the single greatest contributor to global growth. The Trust is managed by Walter Price and the AllianzGI Global Technology Team based in San Francisco. The team benefits from its close proximity to Silicon Valley where many of the world’s key technology companies are headquartered.
The Trust is a UK listed closed-ended fund which aims to achieve long-term capital growth by investing principally in technology companies globally. The team looks to identify major trends ahead of the crowd and invest in stocks that have the potential to be tomorrow’s Apple, Google or Microsoft.
The Trust invests in mid to large technology companies. The trust’s aim is to hold companies it expects to benefit from the continued growth in particular sub-sectors of technology, especially in companies that provide solutions to save money or enable companies to improve their relationships with customers and deliver revenue growth. The Trust also seeks to hold companies that will create shareholder value with the introduction of a new product or new technology. Over the past 20 years, this would have included PC manufacturers, software, internet applications or consumer devices.
Technology is a specialist field and it takes a manager who can call upon experience, an extensive network and the strongest research and analytical tools to spot the trends behind the headlines and to identify the potential tech winners. The trust believes that the case for strong relative performance from the technology sector remains robust.
Michael Seidenberg received his BS in Business Administration from the University of Colorado in 1990. He received his Master of Business Administration from Columbia Business School in 1996 with concentrations in Finance and Accounting. Prior to attending Columbia Business School, Michael worked for Roche Laboratories (a division of Hoffman LaRoche) in pharmaceutical and biotechnology sales. From 1996-2001, he worked in the software industry in a variety of roles and spent time at Oracle Corporation. He began his investing career with Citadel Investment Group in 2001 covering the software space. Over the next 8 years he broadened his coverage list to include a variety of technology sectors. Prior to joining AllianzGI in Sept 2009, Michael worked at a number of hedge funds including Pequot Capital and Andor Capital.
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