Deutsche Bank and Fortinbras Asset Management today announced the launch of the DB Platinum IV Fortinbras PRISM Index, a UCITS fund available through Deutsche Bank’s award winning 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.
Will Hutchings, European Head of dbSelect Sales at Deutsche Bank, said: “Demand from investors for access to hedge fund strategies within a transparent, liquid and efficient structure continues to grow. The 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, added: “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.”
dbSelect is Deutsche Bank’s platform for accessing liquid hedge fund strategies, such as managed futures, CTAs, currency, global macro, volatility arbitrage and commodity strategies. With more than 150 hedge fund programs to choose from, daily liquidity and a highly efficient cost structure, dbSelect has attracted more than $5bn in assets under management from pension funds, sovereign wealth funds, fund of funds, private banks and insurance companies.
Founded in 2004, Fortinbras is a Germany based, Bafin regulated Commodity Trading Advisor (CTA) with a particular focus on identifying opportunities from the trending nature of fixed income markets. With the PRISM fund, Fortinbras offers investors an extensive track record in momentum based investing in the interest rate space with the additional benefit of diversification in global foreign exchange and commodities markets. As of 31 Dec 2011 Fortinbras’ assets under management stood at EUR 440 million.
For further information, please call:
Deutsche Bank AG
Press & Media Relations
Phone: ++44 (0) 207 547 2603
Fortinbras Asset Management GmbH
Phone: +49 6196 9694 716
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.
Key Risks Disclosure. The fund is a non-principal protected investment. Investments in the fund can result in losses, up to and including a total loss of the amount initially invested. The fund follows a complex hedge fund strategy that may use derivatives to take long or short positions on various markets. The use of derivatives involves a high level of risk as derivatives can be highly leveraged, highly volatile and may magnify losses. The fund bears counterparty risk from swap transactions, limited to a maximum of 10% of the Fund NAV according to UCITS III rules.
Important Notice. This press release has been prepared solely for information purposes and does not constitute an offer or a recommendation to enter into any transaction. Investments in funds involve numerous risks including, among others, general market risks, credit risks, foreign exchange risks, interest rate risks and liquidity risks. The value of an investment in a Deutsche Bank fund may go down as well as up and investors may not get back their original investment. Please refer to the relevant fund’s full prospectus and, where available, the latest version of the Key Investor Information Document for more information on Deutsche Bank funds. These documents are available free of charge from Deutsche Bank, London Branch. Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin – Federal Financial Supervising Authority) and is regulated by the Financial Services Authority for the conduct of investment business in the United Kingdom. The registered address of Deutsche Bank AG, London Branch, is Winchester House, 1 Great Winchester Street, London EC2N 2DB. Any direct or indirect distribution of this document into the United States, Canada or Japan, or to U.S. persons or U.S. residents, is prohibited. © 2011 Deutsche Bank AG
Deutsche Bank provides current information via several social media platforms. Follow our Tweets, view current videos and photos or subscribe to our news updates using your preferred channel. more