November 30, 2011

Deutsche Bank and Omega Advisors launch UCITS fund

Deutsche Bank and Omega Advisors, Inc. are pleased to announce the planned launch of the UCITS compliant DB Platinum Omega fund on Deutsche Bank’s UCITS platform in December 2011. The fund will be managed by hedge fund veteran Leon Cooperman, Chairman and CEO of Omega.

Mr Cooperman runs Omega Overseas Partners, Ltd, a fund with a long-biased equity long/short strategy investing mainly in U.S. mid- and large-caps.

Commenting on the launch, Tarun Nagpal, Deutsche Bank’s European Head of Fund Derivatives, said: “Partnering with hedge fund veteran Leon Cooperman represents another key milestone for Deutsche Bank and is testament to our investors that dbalternatives will strive to provide access to the world’s leading hedge fund managers in UCITS. We are confident that Leon’s expertise and longstanding success will make the planned fund attractive to investors.”

Mr Cooperman, Chairman and CEO of Omega, said: “We are excited to partner with Deutsche Bank, one of the largest and most reputable global banks, in this new venture.”

With more than $12 billion in assets across managed accounts, UCITS and ETF products, dbalternatives is recognised as the market leading investment platform, giving access to some of the world’s premier hedge funds.

Omega was founded by Mr Cooperman in 1991.  Today, Omega employs 37 people based in the US managing about US$5.8bn of assets overall.  Prior to founding Omega, Mr Cooperman served as Chairman and Chief Executive Officer of Goldman Sachs Asset Management.

For further information, please call:

Deutsche Bank AG   
Press & Media Relations                             

Nick Bone                                
Phone: ++44 (0) 207 547 2603        

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.

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