According to a report from the Financial Times Deutschland, German fund firms are preparing to launch their first hedge funds in March of this year, following the passage into law of investment modernisation legislation in January.
The German business daily reported that fund managers are now just waiting for the BVI trade association (Bundesverband Deutscher Investment, or Federal Association of German Investment Companies) to conclude contractual negotiations with the German financial regulator, BaFin.
Following the conclusion of the talks, conditions should be in place for single fund, and fund of funds offerings, for institutional and retail investors respectively.
According to FT Deutschland, the finance industry has high hopes for the new hedge fund sector, with Deutsche Bank subsidiary DWS predicting inflows of EUR1 billion into its hedge fund offerings in 2004.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment