Wed, Jun 28, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Do not name your fund a 'hedge fund’ in Germany

Thursday, August 08, 2013

amb
Carsten Straush
Komfie Manalo, Opalesque Asia:

Some years ago, an ambitious politician killed the expression "hedge fund" in Germany. This is why one who wants to sell a fund in Germany does not name it a "hedge fund." This is what two hedge fund managers who attended the latest Opalesque Roundtable in Frankfurt claimed.

The 2013 Opalesque Germany Roundtable was sponsored by Eurex, WTS and Taussig Capital and took place on June 12 at the office of tax, legal and consulting firm WTS in Frankfurt.

Frank Huttel, who is responsible for macro research and selecting funds at FiNet Asset Management AG said, "Some years ago, there was a German politician who really killed the expression 'hedge fund´ when he talked about private equity. He didn't know what he was talking about, but from that point onwards, the word hedge fund was burned."

His statement was completely corroborated by Carsten Straush, President of German Asset Managers Group, which runs hedge funds and fund of funds, who claimed that the politician was a former finance minister who wanted to become chancellor. He "came to the funny conclusion that the main task of hedge funds was to destroy companies an......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - U.S. hedge fund in anonymous bet against Tesco shares, Hedge funds made repeated attempts to invest in Veneto banks, Steve Cohen's Point72 takes stake in struggling electronics retailer Conn's, Hedge fund Excalibur bets Riksbank will tighten by end of year[more]

    U.S. hedge fund in anonymous bet against Tesco shares From FT.com: A $20bn New York hedge fund is using an offshore shell company to anonymously bet against the shares of the UK supermarket Tesco, raising fresh questions over the efficacy of European short selling disclosure rules.

  2. Investing - In Amazon's shadow, hedge funds take aim at Brexit-hit retailers[more]

    From NYTimes.com: Hedge funds have significantly stepped up bets against Britain's traditional high street retailers, as the sector struggles with online competition, worries about a stretched consumer and weakening sales and profits. The risks were on full display on Tuesday when shares in Debenham

  3. ...And Finally - Nighttime barbecue festival in downtown Memphis![more]

    From Newsoftheweird.com: On May 19, Carl Webb and his wife left a nighttime barbecue festival in downtown Memphis and headed home. They drove 14 miles on an interstate highway before a police officer pulled them over to ask if Webb knew there was a body on his trunk. The man was clinging to the lip

  4. Global macro hedge funds lose on sharp drop in oil prices[more]

    Komfie Manalo, Opalesque Asia: Global macro hedge funds suffered losses due to the sharp fall in oil prices and the drop in U.S. and U.K. Treasury yields, Lyxor Asset Management said in its Weekly Briefing. The Lyxor Global Macro Index fell -1.0% from 13 June to 20 June (-3.4% YTD). The Lyxor

  5. State pension plans see liabilities increase in 2016 - Wilshire[more]

    Bailey McCann, Opalesque New York: The funding ratio of state pension plans dropped four percentage points to 69 percent in fiscal year 2016, according to Wilshire Consulting. A year ago, Wilshire Consulting's annual state funding report uncovered a funding ratio of 73 percent. "U.S. stock pe