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
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...