BAI board reelected
Association holds AGM 2008
Achim Pütz, the first chairman of the board, presented the assembly with the annual report for 2007. The activities of BAI were focussed on the collaboration on several bills presented in the Deutscher Bundestag, the German parliament. The association participated in expert-hearings by the finance committee of Deutscher Bundestag with regard to the proposed law amending the German investment law, the proposed law for the limitation of risks and the proposed law for the modernization of conditions for capital corporations. BAI submitted qualified comments on the proposed rules, but due to a still highly biased political environment these comments were not entirely followed. Therefore, a significant enhancement of conditions for hedge funds and private equity in Germany remains to be desired.
The association announced that it will continue to clarify purpose and relevance of alternative investments and that it will intensify its efforts to promote this part of the financial industry as well in politics and media as in the general public.
The members re-elected the office holders with a vast majority. Achim Pütz will continue to chair the board for another two year, while Dietmar Bahr, Michael Busack and Dr. Dirk Söhnholz were confirmed as deputy chairs of the board. Bastian Schmedding will remain treasurer of BAI.
Information about BAI, its members and the executive board can be found on the association's website at www.bvai.de
Bundesverband Alternative Investment e.V.
Bundesverband Alternative Investments e. V. (BAI) is the lobby association for the alternative investment industry in Germany. Its main goal is to higher the level of awareness and deepen the public understanding of alternative investment strategies as an asset class. BAI engages in an intense dialogue with political institutions as well as supervisory authorities. Furthermore BAI cooperates with various national and international organisations and associations. The BAI pursues the aim to actively conduct legal reforms to build up an attractive and competitive regulatory environment for the alternative investments industry in Germany.
At present, BAI counts more than 128 member companies from all areas of the alternative investments industry and is growing continuously.