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Several hundred KG funds are insolvent

Private investors in the German KG funds have allegedly lost around USD 5.4 billion during the global downturn in shipping.

Photo: Maersk Line

More than 300 of Germany's approximately 2,000 KG funds have been declared insolvent, leaving investors with a total loss of around USD 5.4 billion since the crisis in shipping began, says German Manager Magazine according to Lloyd's List.

The information is based on estimates and research from analysts Deutsche FondsResearch in Hamburg.

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