Germany would not innovation champion renewable energy without closed-end funds. While a non-negligible part of the providers of closed-end Fund adheres to the day-to-day business and trying to gain as much revenue for the currently in the placement of funds for themselves, is realised in my view hardly, that which has to do for summer 2013 proposed AIF only still closed with the typical little Fund today”, says fund expert, Michael Oehme, communication consultant at the St. Gallener DocuWare AG. “In fact dealing in future Fund as a object funds when discussing the implementation in connection with the AIFM directive over the questions, whether and under what conditions” or multi asset fund “may be the proportion of debt financing may be how much, and what investment items in the positive list are applied,. This would be inherently so far-reaching intervention that the existence of many houses in question stands.
Rather, Chief Analyst makes Wolfgang Kubatzki rightly carefully, that the legislature ever did not think about the closed-end funds with his entrepreneurial orientations, be it comprehensive paper authored by Feri EuroRating Services AG in a cash contribution to, but rather saw an entirely new asset class. In the future, so Kubatzki, it comes no longer someone buys an object, created a brochure, and then collects equity. Instead, the ability to develop a real investment strategy and to implement such a strategy with an active portfolio and risk management, will play the decisive role. “Consequently, the funds of the new generation should mostly rather blind pools” with pretty much set investment strategies. ” Extent to which this is to bring to increased investor protection in line, you may be question. Market participants expect that many will not survive this process. That has to do, provided on the AIF-Manager especially with the significant organizational and financial requirements.
So is up still not clear today what role should actually play the underwriters in the closed-end funds? Closed-end funds as alternative financing instruments realize it would come so far that they can intervene in the transaction of business of the supplier, at least the days of the independent providers were counted, their”. Thus is eagerly working on alternatives such as participation certificates, bonds or asset-bonds also life insurance. But can this really be the solution? After all has proved the KG investment over more than 20 years and helped the innovative development urge of the Federal Republic not infrequently on the jumps. Without closed-end funds, there had been no opportunity, to implement the german/German reunification in the real estate industry so quickly and effectively. Germany would not innovation champion renewable energy without closed-end funds. And also international shipping would look quite different today, although the provider of container vessels and their investors see the retreat of the banks from the Suffer from financing business. However, attempting to save the closed-end Fund of old stripes will be crowned only with moderate success. The political mood is not just for this and a toothless industry association sees itself rather as a conserver of bank interests. Just beaten often medium-sized structured providers should not give himself but also. For more information,