European hedge funds back onshore under new rules

New European Parliament proposals aimed at bringing hedge fund business onshore are stimulating an influx of global asset managers into the European hedge fund market. The move is set to end the role of London as the epicentre of the European industry by bringing the asset class under the control of continental authorities. The proposals should encourage hedge funds to be domiciled in the European Union, facilitating supervision and thereby reassuring and attracting more conservative investors. Fund managers currently planning to launch funds-of-hedge funds in Germany include Merrill Lynch Investment Managers, Threadneedle Investments, Templeton and Credit Suisse Asset Management. DWS, Deutsche Bank, Dresdner and DIT are all either launched, or have already launched hedge fund products in the country. BNP Paribas has also recently set up three hedge funds.

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• Topics
• Southern Europe