FOHFs to carry risk warning

tax & jurisdiction

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industry criticism shrugged off by german government

Germany's Ministry of Finance has defended reporting obligations on fund of hedge funds managers from the recent Investment Modinisation Act 2004 as hedge fund managers have questioned whether the reporting could effectively exclude the best underlying managers from German investors. Joerg Vollbrecht, deputy head for the ministry's unit for investment issues, told attendees at the Frankfurt Hedge World Germany 2004 conference in late May, reminders of LTCM's 1998 collapse partially informed the Ministry's decision on reporting and risk warnings for retail fund of hedge funds investors. ...

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