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German govt wants to limit hedge funds to professionals

Reuters – German Finance Minister Wolfgang Schaeuble wants to limit direct investment in hedge funds to professionals in order to protect private investors from risky assets, via a new bill regulating alternative investment funds, his ministry said on Wednesday.

“Interests in single hedge funds will in future only be able to be held by professional investors,” reads a draft of the bill on investments, which was published on the finance ministry’s website and is being discussed with the investment industry.

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