February 1, 2011

Deutsche Bank and Traxis launch UCITS fund

Deutsche Bank and Traxis Partners ("Traxis") are pleased to announce the launch of a UCITS compliant version of the Traxis Global Equity Macro fund.

The UCITS fund, called DB Platinum Traxis Global Equity Macro (‘the Fund’), was launched on Deutsche Bank’s DB Platinum platform on 1 February 2011. The fund will be managed by Traxis in accordance with the strategy managed by Barton Biggs in a similar way to the Traxis Global Equity Macro fund, modified where needed to comply with UCITS regulations. The fund’s investment process is discretionary in nature and leverages the global insight and experience Barton Biggs has developed over 40 years of investment management.

Traxis was formed in June 2003 by Barton Biggs, Madhav Dhar and Cyril Moullé-Berteaux. Traxis currently manages more than USD $1bn. Prior to forming Traxis, Mr. Biggs was a managing director of Morgan Stanley, and he was the founder and former chairman and chief investment officer of Morgan Stanley Investment Management. He was director of Global Research and a member of the executive committee and the Board of Directors of the firm. From 1995 until 2002 he was the number one ranked global strategist by the Institutional Investor Magazine survey.  

Commenting on the launch, Deutsche Bank’s European Head of Fund Derivatives, Tarun Nagpal, said: “We are delighted to be working with Barton Biggs and his team on their entry into UCITS. The Traxis UCITS fund fills an important gap in the UCITS space for discretionary equity macro hedge funds. We continue to remain true to our commitment to provide institutional and financially sophisticated investors with access to some of the world’s leading hedge fund managers in UCITS.”

Barton Biggs, founding partner of Traxis Partners commented, “We believe that global macro equity-oriented UCITS funds are one of the significant waves of the future. I look forward to working with Deutsche Bank, one of the leading global banks, on this new venture. Together, I believe we can offer clients a unique perspective.”

For further information, please call:

Deutsche Bank AG                                

Stacey Coglan                        
Phone: +44 (0) 20 7 545 8226        
E-Mail: stacey.coglan@db.com        


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 more than 80,000 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 for demanding clients creating exceptional value for its shareholders and people.



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. In particular investments linked to hedge fund strategies is only suitable for financially sophisticated investors who fully appreciate the significance of the risks involved in, and are familiar with, investing in hedge funds. Hedge fund strategies are complex and may not be suitable for all investor. Investments in hedge fund strategies are speculative and involve a high degree of risk. Investors should be aware of the attendant risks including, but not limited to the potential for higher fees and lack of strategy transparency. Hedge fund strategies may employ a single strategy, which may result in a lack of diversification, and consequently higher risk. Hedge fund strategies may also use leverage, which may increase profits, but may also magnify losses.

The value of an investment in a Deutsche Bank Fund may go down as well as up. The Funds are non-principal protected investments and investors may not get back their original investment. The Funds bear counterparty risk from swap transactions with the swap counterparties, limited to a maximum of 10% of the Fund NAV according to UCITS III rules. The Fund‟s swap counterparty is Deutsche Bank AG. Please refer to the relevant fund‟s full prospectus and any relevant simplified prospectus 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.

PDF version