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

Fund Focus: Asian Frontier Capital Offers U.S. Investors Access To Untapped Markets

Mar 2 2015 | 6:47am ET

Hong-Kong based asset manager Asian Frontier Capital is making a capital raising...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note