Mon, Nov 30, 2015
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

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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November