|
|
News about a slowly developing German hedge fund market are
dominating the media. But is this the real truth? Absolut Research,
the leading hedge fund research company in Germany and publisher
of the Absolutreport, put together the most recent information about
the hedge fund market in Germany. Result: Within the last 3 years
Hedge Funds are facing a growing demand in Germany,
predominantly from institutional investors. In this short research
paper we will present some surprising figures about the German
hedge fund market, the demand of institutional investors and the
developments in recent years.
The first hedge funds for the German retail market were issued as
structured products (certificates) in 1999. After the new investment act
(Investmentmodernisierungsgesetz), which became effective in January
2004, the first regulated onshore hedge funds were launched in Germany.
After an increase in assets under management to more than 2.7 billion
Euros, the onshore-industry dropped back to 1.9 billion Euros at the end
of 2007. Some investment companies closed their hedge funds again,
others experienced outflows and still do. But there are also some
exceptions, especially with smaller companies whose hedge funds have
shown a good performance and hence see capital inflows. 19 single
hedge funds and 20 funds of hedge funds still existed in Germany at the
end of December 2007.
The number of hedge fund certificates has climbed to about 240 at
the end ...................... To view our full article Click here
|
|
RSS
