Till Entzian
Special ReportGerman Asset Management: End of the KAG
A new draft law proposes placing KAGs under a new framework, writes Till Entzian. The industry’s challenge will be to retain the identity and reputation of the Spezialfonds
Special ReportGermany: Kandlbinder 2011
Investor faith in Spezialfonds continues after the highest year of inflows since 1998, writes Till Entzian
Special ReportGermany: Kandlbinder 2011
Investor faith in Spezialfonds continues after the highest year of inflows since 1998, writes Till Entzian
Special ReportGermany: Kandlbinder 2011
Investor faith in Spezialfonds continues after the highest year of inflows since 1998, writes Till Entzian
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Special ReportGermany: Kandlbinder 2010
Till Entzian charts the consolidation trend in his annual review of the German Spezialfonds marketplace, during and after 2009’s year of asset recovery
Special ReportGermany: Kandlbinder 2010
Till Entzian charts the consolidation trend in his annual review of the German Spezialfonds marketplace, during and after 2009’s year of asset recovery
- Special Report
Case for bespoke asset management
Spezialfonds remain a preferred method of investment for institutional investors. But Till Entzian finds that the investment vehicle could be under threat from AIFM guidelines
FeaturesKAGs face up to challenge of international competition
Volumes invested in domestically registered Spezialfonds rose again in 2007, even though the consolidation that has resulted in a decline in the number of funds continued – albeit at a slower pace. Managers’ involvement in the Spezialfonds business is changing too, as administration and portfolio management responsibilities have become increasingly separate. KAGs facing international competition have the challenge of developing further innovative fund products and providing more flexible management. Till Entzian presents his annual survey of the market
FeaturesKAGs face up to challenge of international competition
Volumes invested in domestically registered Spezialfonds rose again in 2007, even though the consolidation that has resulted in a decline in the number of funds continued – albeit at a slower pace. Managers’ involvement in the Spezialfonds business is changing too, as administration and portfolio management responsibilities have become increasingly separate. KAGs facing international competition have the challenge of developing further innovative fund products and providing more flexible management. Till Entzian presents his annual survey of the market
FeaturesKAGs face up to challenge of international competition
Volumes invested in domestically registered Spezialfonds rose again in 2007, even though the consolidation that has resulted in a decline in the number of funds continued – albeit at a slower pace. Managers’ involvement in the Spezialfonds business is changing too, as administration and portfolio management responsibilities have become increasingly separate. KAGs facing international competition have the challenge of developing further innovative fund products and providing more flexible management. Till Entzian presents his annual survey of the market
FeaturesKAGs face up to challenge of international competition
Volumes invested in domestically registered Spezialfonds rose again in 2007, even though the consolidation that has resulted in a decline in the number of funds continued – albeit at a slower pace. Managers’ involvement in the Spezialfonds business is changing too, as administration and portfolio management responsibilities have become increasingly separate. KAGs facing international competition have the challenge of developing further innovative fund products and providing more flexible management. Till Entzian presents his annual survey of the market
FeaturesKAGs face up to challenge of international competition
Volumes invested in domestically registered Spezialfonds rose again in 2007, even though the consolidation that has resulted in a decline in the number of funds continued – albeit at a slower pace. Managers’ involvement in the Spezialfonds business is changing too, as administration and portfolio management responsibilities have become increasingly separate. KAGs facing international competition have the challenge of developing further innovative fund products and providing more flexible management. Till Entzian presents his annual survey of the market
- Features
Holding up in the face of competition
Luxembourg overhauled its law on specialist investment funds in February this year, presenting competition for German Spezialfonds.Luxembourg SIFs are less regulated than their German cousins, but it remains to be seen to what extent they will attract the interest of German investors. The year 2006 saw a reduction in the numbers of Spezialfonds-KAGs. But growth in Spezialfonds assets was still in double digits even if this was less than 2005. Till Entzian presents his annual survey of the market
- Features
Growth and a greater number of products
“There’s life in the old dog yet” ran the title of the lead article in last year’s Spezialfonds issue. How true, how very true: in 2005, the excellent growth by Spezialfonds showed once again that some people had been a little too quick to write them off. In fact, the ...
- Features
Positive times ahead
After the sharp fall in receipts since the record year 1998, from €66bn then to barely one-third of that in 2003, Spezialfonds suffered a real slump in 2004. The last time that receipts were less than the €3.7bn collected was back in 1985. But the sector was still able to ...
- Features
What the new laws allow
The Investmentmodernisierungsgesetz (InvModG – Act modernising investmentfund regulation) was set on its way in order to mirror the changes in the UCITS III Directive within the German investment law. This presented an opportunity that was taken, to replace the KAGG law in place since 1957 and the AIG law since ...
