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A ”Spezialfonds” is an investment fund as referred to in the InvFG, which is primarily acquired by legal entities, usually institutional investors such as insurance companies, foundations, banks, etc. In addition, natural persons, i.e. private investors, may also acquire a special fund provided they invest a minimum amount of EUR 250,000. The ”Spezialfonds” must not be owned by more than ten unit holders known to the management company.

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