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23 August 2010
German property funds look to legal reform to combat disarray
The E87bn German open-end property fund community is badly in disarray, highlighted by recent accusations of a spillover re-closure, but sector specialists hope legislative reform to separate private from institutional investors will go a long way toward solving the problems.
BVI Director General Stefan Seip told PIE that Berlin has already signalled approval of legislative changes. (See PIE 156 for full story)