Several months after the German financial regulator passed rules allowing the sale of certain hedge fund products the industry has reported that the German appetite for hedge funds remains low.
According to data from the regulator BaFin, seven hedge funds have registered for sale to German individuals with combined assts of EUR450 million, with minimum investment limits as low as EUR100.
The figures belie expectations that the German hedge fund industry would undergo strong growth.
“We haven’t seen the inflows we expected,” observed Jurgen Nott, head of alternative products at DWS, Deutsche Bank’s hedge fund unit, according to the International Herald Tribune.
DWS has taken in around EUR15 million for investment in its fund of hedge funds product.
Nott attributed the slow uptake partly to the poor performance of the hedge fund sector this year, and observers believe German investors are adopting a wait and see approach in the hope that returns will improve.
A comprehensive report describing the investment fund sector in most key offshore jurisdictions, with details of the regulatory structure, is available in the Tax News Reports Shop at http://www.tax-news.com/reportshop/
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