The assets of the Bundesstiftung Magnus Hirschfeld are based on its principles of asset management. The value of the invested assets is invested as shown in the graphic.
Note: The asset allocations shown here are based on the report by asset manager HONORIS Treuhand GmbH (as of March 11, 2026).
Investment strategy
The foundation’s assets have been managed by HONORIS Treuhand GmbH since the second quarter of 2020.
In accordance with the foundation’s asset management principles, HONORIS is responsible for ongoing monitoring and reporting to the board. Furthermore, the asset structure is being gradually made less risky.
Goals and criteria of the asset investment
The asset investment of the Foundation is long term and oriented to preservation of capital. Apart from the profitable investment of the assets, aspects such as the sustainability of the investments and avoiding investments in states with homophobic criminal law must be taken into account in the context of the investment guidelines.
Asset investment
In the past, asset management was divided into two segments: listed securities and direct investments in various asset classes, such as private equity, logistics, sustainable energy production, and real estate. Some of these investments were also made through fund solutions or the issuance of subordinated loans.
In both segments, the consideration of sustainability aspects was and remains a top priority.
Currently, approximately 87 percent of the assets are invested in securities, with approximately 13 percent tied up in other investments. In the future, the securities portfolio will continue to grow due to maturing direct investments and new investments in liquid assets.
The Bundesstiftung Magnus Hirschfeld (BMH) takes part in the transparent civil society initiative.