Master-KAG is a German expression used for capital management companies that purely specialise on the administration of special assets. The Master-KVG is a German regulated investment management company ( UCITS-management company and/or AIFM) authorised and supervised by the German. The Master-KVG model is the preferred investment platform for German institutional investors, predominantly insurance companies, that already have a German. Contrary to a regular KVG however, a Master-KVG (formerly known as Master- KAG) primarily offers administrative services such as reporting,. Germany becomes increasingly important for asset managers from all. When they were created in 2001, Master KVGs were intended as service providers for institutional investors.