Deutsche Bank partners with Millenium Global for successful Systematic Macro UCITS fund launch
Deutsche Bank’s award winning DB Platinum funds platform has partnered with Millennium Global, a specialist currency and alternatives investment manager with over USD11 bn under management, to launch the Millennium Global Systematic Alpha fund, an innovative UCITS III funds offering daily liquidity.
The Millennium Global Systematic Alpha fund is an open-ended UCITS III compliant fund providing investors with a return linked to the performance of the Millennium Global Systematic Alpha program (MGSA). MGSA is based on a diversified systematic approach, investing in 8 separate strategies across currency, fixed income, equity and commodity markets. The investment approach is a combination of market neutral and short-term directional investing and the returns are expected to have a low correlation to underlying markets over time.
Drew Bradford, Head of Global Client Solutions at Deutsche Bank, said: ”The MGSA Fund will allow investors to gain access to an innovative global systematic strategy from a highly respected investment manager leveraging the liquidity, transparency and risk management tools of the managed account platform dbSelect.”
Mark Astley, Chief Executive Officer at Millennium Global commented: “The provision of our Systematic Alpha program within the UCITS III framework will afford investors access to a highly liquid and transparent macro strategy. We are delighted to partner with Deutsche Bank given their pre-eminent structuring technology and “best in class” funds platform”.
Johanna Graf +44 20 7547 26 03
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Arne Hassel +44 20 7663 8939
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,896 employees in 72 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.
About Funds at Deutsche Bank
Funds at Deutsche Bank began operations in May 2002 and offers a full range of funds which employ both alpha and enhanced beta strategies to access all of the different asset classes. Since launched, 110 funds have been issued with net assets of over EUR 10 billion. Deutsche Bank is the recognised industry leader in systematic Funds comprising a comprehensive range of fund platforms in Luxembourg, Ireland and the Cayman Islands.
About Millennium Global
Founded in 1994, Millennium Global is a specialist currency and alternative investment manager based in London with over 70 professionals located in 8 offices worldwide and is one of the longest established alternative investment firms in Europe. Millennium manages tailor-made active currency programs using a highly distinctive fundamental discretionary approach for institutional clients located globally. Millennium also offers systematic asset allocation services overlaying fixed income, equity, currency and commodity assets as well as a number of Absolute Return funds