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.
BY OLE ANDERSEN
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.
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