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Dear Ladies and Gentlemen,

Last week, the European Central Bank (ECB) published its bi-annual report on financial stability and addressed a number of potential risks to financial stability that could also selectively emanate from the fund industry. In this context, the Bundesverband Alternative Investments e.V. (BAI), the central lobby of the alternative investment industry in Germany, advocates for a differentiated analysis.

BAI Managing Director Frank Dornseifer comments the ECB report as follows: “The ECB's warning words in the latest Financial Stability Report show the dilemma or causally linked dilemmas in a remarkable way. In the ongoing low-interest environment, classic interest-bearing securities, especially those with a high credit rating, have more or less become obsolete while investors of all kinds have to restructure; partly into bonds from the corporate or government sector with a lower credit rating, or into alternative investments such as infrastructure, private equity, private debt, etc., in order to avoid the risk of a crisis. This shift is not necessarily, but can potentially be, associated with higher risks in individual cases.”

Please download the complete press release here

If you have any questions, please do not hesitate to contact us.

Yours sincerely,

Frank Dornseifer

Bundesverband Alternative Investments e.V. (BAI)
Poppelsdorfer Allee 106
53115 Bonn, Germany 
Fon: +49 (0)228-96987-50
Fax: +49 (0)228-96987-90

The Bundesverband Alternative Investments e.V. (BAI) is the advocacy association for the Alternative Investments industry in Germany. The BAI is catalyzer between German institutional investors and recognized providers of Alternative Investments products worldwide. One goal is to enhance the environment for German professional investors when diversifying their financial assets into Alternative Investments, especially as many of those investors are responsible for safeguarding long-term retirement pensions. Another objective of the association is to increase the awareness level and the understanding of these asset classes and strategies in public. The BAI maintains an intense dialogue with political institutions as well as supervisory bodies. Furthermore, the BAI cooperates with various national and international organizations and industry associations and advocates for legal reforms to design an attractive and competitive regulatory environment for the Alternative Investments industry in Germany. At present, BAI counts 219 members from all areas of the professional Alternative Investments industry.

Bundesverband Alternative Investments e.V. | Poppelsdorfer Allee 106 | D-53115 Bonn
Phone: +49(0)228-96987-0 | Fax: +49(0)228-96987-90 | |

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