It seems that Germany's KG investors are reluctant to throw good money after bad. It is no secret that the past year has seen many funds struggling as the container market dives, but Hamburg KG house Ownership is finding it difficult to persuade investors to keep one of its funds solvent (Fairplay 24,13 July). It needs €2.4M ($3.34M) but clients have so far pledged only €1M, forcing two one-ship companies to file for insolvency. New funds have been struggling to find backers; now it seems their high-net-worth supporters are walking away.
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