Deutsche Asset Management is planning to add a retail share class to its Equilibria hedge fund range...
Deutsche Asset Management is planning to add a retail share class to its Equilibria hedge fund range.
Deutsche currently has three long/short market neutral hedge funds managed out of the UK focusing on UK, European and Japanese equities. These are managed by Charles Curtis, David Haysey and James Pulsford respectively.
Paul Dellar, head of product development at Deutsche, said the extra share classes would be added after the firm's rebranding to DWS Investments on 16 September and its launch of long-only UK and European Opportunities funds on 7 October. Dellar said: 'We are looking at bringing the Equilibria funds to the retail market, but have to work through a number of operational and regulatory issues first. We have not determined what the minimum investment level will be, but the funds will remain Cayman-domiciled.'
Deutsche is also looking at the group's Luxembourg fund range, with a view to bringing a number of these funds to market in the UK over the next 18-24 months. Dellar said: 'In the Luxembourg stable, we have an excellent range of money market funds with a guaranteed minimum return and performance objective to beat base rates by 30-50 basis points.'
He added the group's offshore global bond and global equity funds were strong candidates to be launched onshore as UK Oeics.
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