The offer period for Deutsche Bank's Isable fund of hedge funds is to run from 9 February to 22 Marc...
The offer period for Deutsche Bank's Isable fund of hedge funds is to run from 9 February to 22 March.
The group says the XAVEX Hedge First fund, which is being marketed to UK IFAs, aims to achieve 12% to 15% annual returns which are not correlated to stock markets. The portfolio contains a risk profile similar to a bond portfolio.
The fund, subject to authorisation from regulators, will be a Guernsey-registered, London listed investment company, with a minimum investment of £7,000 making it Isable and available to the broad UK retail market. Trading will begin from 2 April and the product matures in 2006. The fund offers 3% initial commission and 0.5% trail commission to UK IFAs.
The initial charge is 5% and the annual management fee is 1.5%.
The fund, to be managed by Deutsche Asset Management, will invest in funds using five main strategies. They are equity hedge, relative value, global macro, event driven, and short-selling only funds.
This follows the successful launch of the XAVEX Hedge Select fund into continental Europe last year, which raised £1.2bn.
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Nomination deadline - 28 June 2019
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