Deutsche Bank merges Henderson Money Market Fund into DB Advisors fund range
DB Advisors, Deutsche Bank’s global institutional asset management business, yesterday merged the Henderson Liquid Assets Fund (HLAF) into its money market fund range. DB Advisors previously served as the investment manager of HLAF on a sub-advisory basis. The combined fund has approximately £2.8 billion of assets under management.
Mark Bolton, CEO of DB Advisors UK, said: “We are delighted to welcome investors in the Henderson Liquid Assets Fund as direct clients of DB Advisors. They are joining a platform with deep resources, a robust credit process and a strong commitment to transparency. Expanding our Sterling assets under management complements our large Euro and U.S. Dollar money market operations and enhances our ability to meet investors’ needs in all of the major money markets worldwide.”
With approximately €94 billion in money market assets under management (as at December 31, 2010), DB Advisors is a leading provider of cash and short duration investment strategies for investors around the world.
For further information, please call:
Deutsche Bank AG
About DB Advisors
With €169 billion of assets under management for institutional investors worldwide (as at Sep 30, 2010), DB Advisors offers a wide range of investment strategies across the risk / return spectrum. The business offers a range of pooled vehicles, separately management accounts, and other bespoke solutions. Clients include many of the world’s largest corporations, financial institutions and sovereign and supranational entities.
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 100,000 employees in 74 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.
About Henderson Global Investors
Established in 1934, Henderson Global Investors is a leading independent global asset management firm. The company provides its institutional, retail and high net-worth clients with access to skilled investment professionals representing a broad range of asset classes, including equities, fixed income, property and private capital. With its principal place of business in London, Henderson is one of Europe’s largest investment managers and employs around 930 people world-wide.