Deutsche Bank adds Nordic power market to diverse strategies on dbSelect platform
Deutsche Bank today announced that alternative asset manager Coeli Asset Management has launched its Coeli Power Surge strategy on dbSelect, Deutsche Bank’s platform for accessing liquid hedge fund strategies.
Coeli Power Surge allows investors to gain access to the Nordic power market for the first time via dbSelect, adding to the diverse roster of strategies available on the platform. The strategy captures price trends caused by weather patterns in the Nordic countries. The manager trades exclusively on the NASDAQ OMX Commodities exchange.
Managed investment platforms allow hedge fund managers to offer multiple customised ways of accessing investment strategies in a transparent and efficient manner, whilst reducing counterparty risk and increasing liquidity for investors.
Coeli is an independent Swedish asset management company that offers managed funds in alternative asset classes. Founded in 1994, the organisation provides tailored services to entrepreneurs and institutional clients, including asset management, private banking and private equity.
Hans Jacob Feder, Head of dbSelect at Deutsche Bank, said: “This latest development marks a milestone for dbSelect as we continue to bring additional diversity to the more than 150 strategies available on the platform. This is the first time we have offered exposure to the Nordic power market as investors and managers continue to be drawn to the liquidity and transparency benefits of managed accounts.”
Henrik Wennberg, Managing Partner and Portfolio Manager at Coeli Asset Management said: “We are pleased to be part of Deutsche Bank’s established dbSelect platform. Power markets in general are expected to show higher correlation to macro economic developments, however the unique quality of our strategy is that the dominant price driver - the Nordic weather - is a parameter that leaves nearly all other markets unaffected. Our strategy therefore allows investors to gain exposure to a market that is expected to show low correlation with other mainstream investment opportunities.”
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 around $4.5bn in assets under management from pension funds, sovereign wealth funds, fund of funds, private banks and insurance companies.
1 Source: Deutsche Bank, as at 25th July 2012.
For further information, please call:
Deutsche Bank AG
Press & Media Relations
Phone: ++44 (0) 207 547 2603
Coeli Asset Management
David von Wachenfeldt
Phone: +46 8 545 916 40
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 more than 70 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.
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 certain transactions 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 related to such transactions may go down as well as up and investors may not get back their original investment. Please contact firstname.lastname@example.org for more information. 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. © 2012 Deutsche Bank AG
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