Deutsche Bank and Fortinbras launch UCITS fund
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
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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.
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