Astellon exploits Germanic edge with a locally-seeded event-driven approach

Fri Oct 21, 2011

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The launch of a new European event-driven fund targeting German-speaking countries is a rare and significant event in itself

Bernd Ondruch
Christian Vogel-Claussen
For all its powerhouse prominence in the European and global economies and the rich diversity of its industrial landscape, Germany remains a relative backwater for hedge fund investing - either for large multi-strategy and global operations, or for more specialist firms.

This is particularly the case on the event-driven side, where substantial cultural barriers and political hostilities appear to remain for what are often seen in Germany as short-termist and overly aggressive Anglo-Saxon investment approaches - a view famously encapsulated by the description some years back of hedge funds and private equity groups as "locusts".

So the launch of a new European event-driven fund that is specifically targeting German-speaking countries - and which is backed with seed capital of some €200 million by a group of German and Swiss entrepreneurs - is a rare and fairly significant event in itself.

London-based Astellon Capital Partners, which launched this month, is the creation...


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