000			01162cab a2200181 4500
001			##L132256
008			060123n2006 000 0 eng u
035			_a(Sirsi) u132256
041	0		_aeng
245	0	0	_aBlack Tuesday's aftermath
260			_c2006
490		0	_aThe Economist _v378(8461) 21 January 2006, 75(1)
520			_aWarns of the need to reform the German open-ended property market by highlighting several problems that it has encountered in recent years. The first of these involved parent banks bailing out funds that were set to lose investors money. This was closely followed by "Black Tuesday," where DB Real Estate, a subsidiary of Deutsche Bank, closed the property fund, grundbesitz-invest, for revaluation for two months. The article offers suggestions to solve the apparent crisis, such as better and more independent monitoring, having non-bankers on funds' supervisory boards, and to limit a funds tradability - for a few days a month, or with penalties for big withdrawals - to make them less vulnerable to runs.
590			_aIKA310106
650	2	4	_aGERMANY
690			_aPROPERTY-PROPERTY FINANCE AND INVESTMENT
942			_n0
999			_c76378 _d76378