Germany took an important step towards the creation of a domestic hedge fund market last month when German financial services regulator BaFin approved draft contractual conditions for single hedge funds.
German investment fund association BVI expects BaFin to approve draft contractual conditions for fund-of-funds hedge funds in early March. The first hedge funds are expected to be launched in late March or early April. German legislators gave the go-ahead to the sale of German hedge funds in
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