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German property fund ban drives managers to Luxembourg

Posted on 05 September 2012

Berlin’s proposal to prohibit launching new open-ended property Spezialfonds may not be stopping real estate managers from launching new funds, but it is forcing them to choose Luxembourg for the task.
In July, Berlin proposed the launching of new open-ended real estate fund and real estate Spezialfonds, as part of its implementing European-wide plans to regulate alternative products within the Alternative Investment Fund Managers Directive (AIFMD)…………………………………….Full Article: Source


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