Drobetz, Wolfgang; Tegtmeier, Lars; Topalov, Mihail - In: Credit and Capital Markets 45 (2012) 1, pp. 79-113
Closed-end ship funds (KG-funds) have been an important form of capital investment for private investors for many years. They also represented the most successful financing instrument of German tramp ship-owners in the past. In spite of their great importance for the economy overall, closed-end...