Deutsche Asset Management has developed plans to launch a retail share class for its Equilibria hedg...
Deutsche Asset Management has developed plans to launch a retail share class for its Equilibria hedge fund umbrella but has yet to decide which area of the UK market to aim for.
If the situation remains as it is, the new product will be aimed at discretionary advisers in the UK, according to Scott Stevens, UK retail head of marketing and client services at Deutsche.
The Equilibria hedge fund range includes UK, European and Japanese equities sub-classes, run by Charlie Curtis, David Haysey and James Pulsford respectively. Both Curtis and Pulsford have already run offshore money for the company.
Deutsche is participating in the FSA's consultation on making hedge funds more widely available.
The group has just rebranded its retail operations as DWS Investment across Europe, including the UK, Germany, Poland, Austria, Switzerland, Belgium, France, Spain, Italy and the Netherlands.
The rebrand was completed on 16 September. DWS Investment, Deutsche's retail operation in Germany, has a 24% market share with E97.5bn under management.
The aim of the rebranding programme is to spread the success the company has had in Germany across Europe.
Between May and June this year, Deutsche converted 21 Germany-based funds to Luxembourg-based pan-European Sicavs. It will pick from these funds to create UK Oeics.
Paul Dellar, head of product management at DWS in the UK, said: 'We are working on a global equity fund and a money market fund for launch early next year.'
The company also plans to launch two aggressive equity funds on 7 October for the UK retail market: the DWS UK Opportunities and the DWS European Opportunities fund.
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