An increasing number of hedge fund players recognise the potential in Germany following a relaxation of strict investment laws, but there are good reasons to base any such products in Luxembourg
While the flood of fund registrations that were expected in Germany following the relaxing of the investment tax laws at the start of 2004 has not yet happened, a few providers are making the first steps into the German market. Some, such as DWS Investments, have already launched products for Germany's various investor groups, and Threadneedle has branched into funds of funds with a Luxembourg-domiciled fund privately placed and awaiting possible approval for retail distribution. Yet it is still unsure if the market will take off, despite the predictions of a German appetite for onshore he...
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