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From Precy Dumlao, Opalesque Asia:
Participants in the latest Opalesque Austria Roundtable, sponsored by Salus Alpha Group and the Opalesque Roundtable Series sponsor Custom House Group, and held in Vienna at the end of June, all agreed that it is easier to sell hedge funds products in Austria than in Germany. One key reason, you cannot even mention the word "hedge fund" in Germany, the country where one local politician described these financial vehicles as "locusts."
The Roundtable panel consisted of Mark Cachia, Head of Alternative Investments, Erste Group; Martin Greil, Co-founder and Secretary General of the Alternative Investment Association VAI; Günther Herndlhofer, Investment Manager, VBV Pension Fund; Oliver Prock, CEO and CIO, Salus Alpha Capital; Marie Milford, Managing Partner & CEO, Asset Allocation Alpha and Günther Kastner, Managing Partner, Absolute Portfolio Management.
While Greil said that there is a positive Germany with investors viewing UCITS as part of the mutual fund bucket, which is much larger compared to alternatives bucket, others pointed out that there is an underlying negative that drives that view.
Milford pointed out that there are some political motives behind this rationale. She said that "no investor is...................... To view our full article Click here
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