Germans Down But Not Out On Hedge Funds

Jun 13 2007 | 10:44am ET

If you thought Germany’s failure to win agreement on hedge fund regulation at last week’s G8 summit in Heiligendamm was the measure’s last gasp, think again.

Kurt Beck, chairman of the country’s Social Democratic Party, called the inability to strike a deal on hedge funds the meeting’s “most bitter disappointment.” But, in spite of the seemingly intractable opposition of the United States, Britain and Japan, his fellow Social Democrat Peer Steinbrück, Germany’s finance minister, is not giving up.

“We have another half-year,” a finance ministry spokeswoman said at a news conference. Germany’s G8 presidency runs through the end of this year. “Regarding hedge funds, [Steinbrück] hopes constructive discussions will continue.”


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...