Deutsche Bank is pleased to announce that its X-markets Hedge Fund Platform has been awarded the prestigious accolade of Best Managed Account Platform in the Hedge Funds Review European Fund of Hedge Funds Awards 2010.
This award confirms Deutsche Bank's market leading position in hedge fund managed accounts. With assets under management of over $5bn across 67 managers, the platform offers investors a broad spectrum of strategies including CTA, equity long/short, global macro, event driven, credit and convertible arbitrage.
In its write up of the award, Hedge Funds Review said: “The platform addresses investor concerns about fraud, liquidity and transparency. It offers access to leading hedge fund managers in a risk-controlled framework through innovative access routes.”
In 2010, the X-markets Hedge Fund Platform implemented a number of enhancements such as the addition of new prime brokers, a second independent administrator and independent due diligence reports for all investors. In addition, the platform is now available to US onshore investors for the first time.
Stephane Farouze, global head of hedge fund derivatives at Deutsche Bank said: “In 2010, we have taken the X-markets Hedge Fund Platform to a new level by using Deutsche Bank’s expertise to create an unparalled suite of products with even better control, transparency and liquidity, and an enviable selection of managers for our clients."
Now in its ninth year, the Fund of Hedge Funds Awards remain the only event held exclusively for the European fund of hedge fund sector. The judging panel seeks to reward genuine performance and success and reviews the products from both a qualitative and quantitative perspective. Judges also look at the quality and expertise of each group's management in order to determine the winner.
For further information, please call:
Deutsche Bank AG
Phone: +44 (0) 20 7545 4249
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 82,504 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
About Deutsche Bank’s X-markets Hedge Fund Platform
The Deutsche Bank X-markets Hedge Fund Platform is a leading hedge fund managed account platform designed to address hedge fund investors' concerns over fraud, liquidity and transparency. Launched in 2002, the platform comprises a series of managed accounts - structured as Jersey trusts - covering the range of liquid hedge fund strategies including event driven, managed futures, equity hedge and credit. The open architecture platform combines the portfolio management of leading third-party head fund managers with Deutsche Bank's expertise in fund derivatives, prime brokerage, trust services and fund administration. The platform can be accessed directly or though a range of structured products including the innovative and award winning Hedge Fund ETF.
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