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
Photo: Maersk Line
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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