A horror year for the German fund market
The year 2008 will go down in history as the worst ever for the German fund business. The financial crisis created not only created a catastrophic climate on the financial markets but with it a poor environment for inflows to retail mutual funds and institutional Spezialfonds.
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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.
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