Die Annäherung von Publikumsfonds an klassische Hedgefonds

The amendment of investment law significantly expanded the investment opportunities for funds. This enabled new investment strategies that had previously been reserved for alternative investments. Hedge funds, which have been legally permitted since 2004, promise a positive return regardless of general market developments. Currently, the question arises as to what extent investment funds represent an alternative to hedge funds due to new strategies. To address this question, the newly created legal framework for funds will first be examined, and key figures will be used to compare investment funds and hedge funds. Finally, a presentation of new investment strategies that were previously reserved for hedge funds will follow, in order to assess how far the convergence of investment funds towards hedge funds has progressed. This specialized book is essential reading for employees of credit institutions and fund companies who want to specifically inform themselves about the innovations in investment law, investment funds, and hedge funds. The author also addresses readers with limited prior knowledge, as he outlines the fundamental principles of investment and hedge funds.