IDEAS home Printed from
   My bibliography  Save this paper

Ökonomische Theorie im Alltag: Hedge Fonds
[Economic theory in everyday life: Hedge funds]


  • Gilroy, Bernard Michael
  • Lukas, Elmar


Up to date any kind of hedge fund was legally forbidden in Germany. Likewise, the public distribution of shares in foreign hedge funds was prohibited within the framework of the so called 'Auslandsinvestitionsgesetz' (AuslInvestmG). In March 2004, it was 'DWS Investment' (the investment company of Deutsche Bank) that was the first German firm which was approved by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) to distribute its products. Two major developments have promoted this change within the landscape of financial services and are therefore discussed in the following.

Suggested Citation

  • Gilroy, Bernard Michael & Lukas, Elmar, 2005. "Ökonomische Theorie im Alltag: Hedge Fonds
    [Economic theory in everyday life: Hedge funds]
    ," MPRA Paper 22047, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:22047

    Download full text from publisher

    File URL:
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    1. repec:bpj:zfbrbw:v:14:y:2002:i:6:p:479-492:n:3 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    More about this item


    Hedge funds; Germany;

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:22047. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.