A Hamburg trading house, focused on information.
FHG Hanseatische Fondshandlung GmbH was founded to bring clarity to a corner of the investment world that is often described in dense, technical language: the secondary market for closed-end fund shares.
Explaining, not selling
Closed-end funds, once their subscription window has closed, behave differently from ordinary listed securities. Shares often cannot simply be sold on an exchange, and investors are frequently unsure where to start. We built this platform to answer the questions we heard most often from private investors, family offices and advisors across the Hanseatic region.
We do not open accounts, execute orders or charge fees. Our role is limited to publishing accurate, accessible, editorially independent information, and pointing visitors toward licensed professionals when a decision needs to be made.
Three principles behind every page
Editorial independence
Content is prepared by our research desk without sponsorship from fund managers or placement agents.
Plain language
We translate prospectuses, fund documentation and market terminology into language a first-time reader can follow.
No paid services
Nothing on this website is for sale. We do not accept payment for placement, referrals or preferential coverage.
How the platform has developed
Research desk established
A small team in Hamburg begins compiling notes on closed-end fund structures for internal use.
First public glossary
Terminology and explainer material is made freely available to investors and advisors on request.
Coverage expands
Editorial scope broadens to include alternative investment structures across six European jurisdictions.
fhg-zweitmarkt.org launches
The full library of explainers, glossary entries and contact resources moves to this website.
The people behind the research
A small, dedicated editorial and research group based in Hamburg.
Friederike Holst
Head of ResearchOversees editorial standards and coordinates coverage of fund structures across jurisdictions.
Jonas Reimers
Market AnalystTracks secondary market developments and drafts explainer content on trading mechanics.
Anke Petersen
Investor RelationsAnswers reader questions submitted through the contact form and maintains the glossary.
FHG Hanseatische Fondshandlung GmbH publishes general information only. Nothing on this page describes an offer of services for payment. For guidance on a specific holding or transaction, please consult a licensed financial advisor.