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Ökonomische Theorie im Alltag: Hedge Fonds
[Economic theory in everyday life: Hedge funds]

Author

Listed:
  • Gilroy, Bernard Michael
  • Lukas, Elmar

Abstract

Up to date any kind of hedge fund was legally forbidden in Germany. Likewise, the public distribution of shares in foreign hedge funds was prohibited within the framework of the so called 'Auslandsinvestitionsgesetz' (AuslInvestmG). In March 2004, it was 'DWS Investment' (the investment company of Deutsche Bank) that was the first German firm which was approved by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) to distribute its products. Two major developments have promoted this change within the landscape of financial services and are therefore discussed in the following.

Suggested Citation

  • Gilroy, Bernard Michael & Lukas, Elmar, 2005. "Ökonomische Theorie im Alltag: Hedge Fonds [Economic theory in everyday life: Hedge funds]," MPRA Paper 22047, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:22047
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    File URL: https://mpra.ub.uni-muenchen.de/22047/1/MPRA_paper_22047.pdf
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    References listed on IDEAS

    as
    1. Gerhe Wolfgang & Mager Ferdinand & Kiehn Daniela, 2002. "Zur Konzeption eines deutschen Hedgefonds," Zeitschrift für Bankrecht und Bankwirtschaft (ZBB) / Journal of Banking Law and Banking (JBB), RWS Verlag, vol. 14(6), pages 479-492, December.
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      More about this item

      Keywords

      Hedge funds; Germany;

      JEL classification:

      • G2 - Financial Economics - - Financial Institutions and Services

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