19 Jan 2012
Deutsche Bank and Fortinbras Asset Management have launched the DB Platinum IV Fortinbras PRISM Index, a UCITS fund available through Deutsche Bank’s DB Platinum fund umbrella and its dbSelect platform.
The Fortinbras PRISM Index fund is managed by Fortinbras Asset Management based in Eschborn, Germany. The fund’s strategy is to capture trends in the fixed income, interest rate, foreign exchange and commodity markets by applying a long/short systematic algorithm to a basket of futures contracts. The proprietary underlying investment strategy has been applied to the management of a variety of fixed income funds for over 20 years.
The DB Platinum IV Fortinbras Prism Index fund is a Luxembourg domiciled UCITS compliant SICAV fund. It offers investors daily liquidity and is intended for institutional investors.
The Fortinbras PRISM Index fund is managed by Fortinbras Asset Management based in Eschborn, Germany. The fund’s strategy is to capture trends in the fixed income, interest rate, foreign exchange and commodity markets by applying a long/short systematic algorithm to a basket of futures contracts. The proprietary underlying investment strategy has been applied to the management of a variety of fixed income funds for over 20 years.
The DB Platinum IV Fortinbras Prism Index fund is a Luxembourg domiciled UCITS compliant SICAV fund. It offers investors daily liquidity and is intended for institutional investors.
“Demand from investors for access to hedge fund strategies within a transparent, liquid and efficient structure continues to grow,” said Will Hutchings, European head of dbSelect sales at Deutsche Bank. “UCITS wrapper is a stamp of quality for investors, and we are pleased to partner with managers like Fortinbras as we increase the breadth of UCITS compliant funds available through dbSelect.”
Chris Kennedy, co-founder and managing director of Fortinbras, said: “We are extremely excited to be cooperating with Deutsche Bank on the launch of our PRISM UCITS fund. Deutsche Bank offers an efficient operational infrastructure and extensive UCITS expertise, and we are pleased to be working together not only in Europe but also in Asia where our marketing initiatives are intensifying. We are seeing a notable growth in appetite from all geographies as investors globally become increasingly comfortable with the UCITS format. Partnering with Deutsche Bank for this UCITS fund allows us to increase our breadth of offering to an investor base that is looking for absolute returns with high liquidity and low cost of delivery.”
