Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

As alts rise in Germany, managers run into a wall of regulation

Friday, November 16, 2018

Bailey McCann, Opalesque New York:

Institutional investors in Germany are taking a new look at alternatives, leading delegates at the recent Opalesque Germany Roundtable to call 2018 the 'year of the hedge fund', but it hasn't been easy. Alternative funds are tightly regulated in Germany and roundtable participants have suggested that it could lead to lower investment performance.

"The appetite among investors is somewhat divided," said Andreas Kalusche of $10 billion alternative investment firm Prime Capital. "Insurance companies in Germany are predominantly not investing in hedge funds. Pension funds of different kinds in Germany and across Europe and family offices are investing in hedge funds, and have continued to grow their allocation. This includes investments in funds of funds, the more traditional way of approaching the hedge fund sector, and also via advisory mandates where we have some discretion and are also in close interaction with the investors."

Prime Capital recently launched a second fund of funds vehicle in response to investor demand. Prime is also working on including a broader range of alternative strategies into the UCITS framework.Kalusche notes that there has also been considerable demand for liquid alternatives as more European investors hunt for yield.

Dr. Thomas Maier of German asset manager FERI Group agrees. He says that pension funds and private banks are increasing their allocations to alternative......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1