Deutsche Bank has added another UCITS fund to its DB Platinum IV platform, with the announcement today (Friday 25th February) that it has teamed up with Ly
Deutsche Bank has added another UCITS fund to its DB Platinum IV platform, with the announcement today (Friday 25th February) that it has teamed up with Lynx Asset Management to launch a UCITS version of the Lynx fund. Entitled the DB Platinum IV Lynx Index (“the fund”), it will seek to replicate performance of the systematic trend-following strategy employed by the Lynx fund. The offshore vehicle was first launched back in 2000 and uses statistical models to invest in listed futures contracts across four main indices: equities, fixed income, currencies and commodities. According to Trustnet Offshore, the fund returned 18.54 per cent in 2010. Jonas Bengtsson, Svante Bergström (pictured) and Martin Sandquist will manage the new fund. “To consider launching a UCITS fund, it has been important for us to limit the tracking error to our flagship fund,” said Lynx founding partner and CEO, Svante Bergström. “The innovative and unique structure that Deutsche Bank provides through the dbSelect platform allows us to achieve this.”Lynx is part of the Brummer & Partners group based in Stockholm. As of February 2011, the programme assets of Lynx were USD3.3billion.
