{"id":814,"date":"2003-08-20T00:00:00","date_gmt":"2003-08-20T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"government-approves-bill-opening-hedge-fund-market-in-germany","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2003\/government-approves-bill-opening-hedge-fund-market-in-germany.html","title":{"rendered":"Government approves bill opening hedge-fund market in Germany"},"content":{"rendered":"<p>BERLIN (AP) &#8212; The German government on Wednesday approved a bill that will allow hedge funds to be sold in the country for the first time starting next year, part of an effort to boost the Germaninvestment fund industry.<\/p>\n<p>  From Jan. 1, hedge funds will be allowed to sell shares to institutional and private investors. Investment firms currently can&#8217;t launch hedge funds in Germany, and foreign hedge funds aren&#8217;t  authorized for public distribution.<\/p>\n<p>  Hedge funds use leveraging and complex trading methods &#8212; including short selling and investing in commodities, foreign currencies or troubled companies&#8217; debt &#8212; to achieve gains no matter what the  market does.<\/p>\n<p>  Under the investment fund bill approved by the Cabinet, Germany also will give equal tax treatment to domestic and foreign funds from next year, a move that experts have said could attract up to  \u00c3\u0192\u00e2\u20ac\u00a1150 billion (US$167 billion) into the country&#8217;s capital markets over the next three years.<\/p>\n<p>  The modernization &#8220;improves conditions for investment funds by promoting German fund companies&#8217; competitiveness&#8221; against European rivals, the Finance Ministry said in a statement.<\/p>\n<p>  The bill is part of a wider effort to promote financial markets. The government wants to grant retail investors more rights and pave the way for Europe-wide regulation of cross-border securities  transactions.<\/p>\n<p>  The measures require approval by the German parliament, expected in November.<\/p>\n<p>  (dj-gm)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BERLIN (AP) &#8212; The German government on Wednesday approved a bill that will allow hedge funds to be sold in the country for the first time starting next year, part of an effort to boost the Germaninvestment fund industry. From [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-814","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=814"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/814\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}