Thu, Dec 13, 2018
A A A
Welcome Guest
Free Trial RSS
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

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. Brexit: Hedge funds make big bets against post-Brexit UK economy, Hedge funds rent a lifeline to stay afloat in EU post-Brexit, Treasury green-lights sale of new EU funds into UK[more]

    Hedge funds make big bets against post-Brexit UK economy From The Guardian: A pair of hedge funds owned by prominent Brexit supporters have made significant bets against companies exposed to the British consumer including big high street names. Odey Asset Management, part-owned by Cr

  2. Trends: Licking their wounds, fund managers prep for rally in '19, Concerns rising over leveraged loan market[more]

    Licking their wounds, fund managers prep for rally in '19 From Reuters: With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not seen this much red on their screens since 1972, the last time no asset class returned at

  3. New Launches: Swiss boutique launches EM impact bond fund, Jungle Ventures to raise $200m third venture capital fund, CPR AM licences five funds with new climate rating, Sailing Capital seeks $1.5bn for second fund, Liquid multi-strategy alts focus of new Schroder fund, Vivo Capital rakes in $864m, Swiss group launches sustainable European small-cap fund[more]

    Swiss boutique launches EM impact bond fund From City Wire: Swiss impact investmenting boutique BlueOrchard has launched a Ucits-complaint impact bond fund. The Luxembourg-domiciled Emerging Markets SDG Impact Bond fund will allocate to companies in emerging and frontier markets and aims t

  4. Institutional Investors: PennPSERS earmarks $450m for 3 funds, adds new funds to DC lineup, Qatar Investment Authority has accelerated investments in technology, Elon Musk says he would no longer accept Saudi investment, San Francisco City & County Employees slates $192m for alternatives[more]

    PennPSERS earmarks $450m for 3 funds, adds new funds to DC lineup From PIonline.com: Pennsylvania Public School Employees' Retirement System, Harrisburg, allocated $450 million to three investment funds and added 11 new funds to its defined contribution lineup, confirmed Evelyn Williams,

  5. Emerging technologies, defensive investment strategy on top asset owners' minds: State Street[more]

    Laxman Pai, Opalesque Asia: Nearly half (48%) of the institutional investors surveyed identified emerging technology as a top enabler of growth over the next five years, revealed a study. According to a new research from State Street, the participants identified blockchain, artificial intell