WEST PALM BEACH, FL (www.hedgeco.net) – The German government is now considering ways of tightening controls on hedge funds according to Reuters. However the group is said to have refused proposalsto limit the voting rights of hedge funds as shareholders. The report noted that limiting hedge fund�s shareholder rights may cause serious problems for Germany as an investment location.
The report also noted that the German Market Financial Regulator BaFin should be granted additional powers to investigate such areas as Takeovers. Calls for restricting hedge funds activities in Germany began soon after hedge funds participated in the removal of the head of the German Stock Market operator. Many in Germany began challenging the voting rights granted to short term investors.
The report also proposed paying dividend bonuses to investors who attended meetings of general shareholders as a way to help increase the turnout during the annual general meetings. Among other recommendations in the report is increasing transparency in short-selling strategies. The report concluded that adopting such measures without simultaneous efforts by other nations and jurisdictions would lessen the overall impact of such measures.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
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