Fisher Investments, the Californian multi-product money manager with over $42 billion assets under management, has acquired 50 per cent of German wealth manager Thomas Grüner Vermögensmanagement for an undisclosed sum. The new company will be called Grüner Fisher Investments. Ken Fisher, chief executive officer of Fisher Investments, said: “Germany is the second biggest market outside the United States for high net worth individuals, and Fisher Investments is delighted to be entering this market with such a strong partner.” Mr Grüner previously worked for the German banks, Kreissparkasse Kaiserslautern and Volksbank before founding Thomas Grüner Vermögensmanagement in 1999. The firm is based in Rodenbach. Fisher Investments is headquartered in Woodside, California where all of its investment professionals are located. The company, which began offering global equity management directly to high net worth individuals through its Private Client Group in 1995, also has sales and client service operations throughout the US and in the UK.