Greenwich, Connecticut CTA manager, Millburn Ridgefield Corporation, founded in 1971, has chosen Deutsche Bank’s Platinum platform
Greenwich, Connecticut CTA manager, Millburn Ridgefield Corporation, founded in 1971, has chosen Deutsche Bank’s Platinum platform to launch a UCITS III-compliant version of its Multi-Markets trading strategy; a fund that began trading in 2004 and which invests in over 100 global futures and currency markets. The new fund is snappily entitled: DB Platinum IV dbX Millburn Multi-Markets Index Fund. It offers weekly liquidity and is available in USD, EUR, GBP and JPY share classes. Deutsche’s Platinum platform is one of the industry’s leading UCITS platforms. It now has around EUR12billion in AUM. The offshore fund has generated annualized net returns of 12.4 per cent since inception. The firm decided to launch the newcits to reflect growing demand amongst the investor community for new, regulated and liquid ways to invest in alternative hedge fund strategies. “As one of the first major US-based CTA managers to launch a Ucits product, we’re excited at the opportunity to give a new segment of investors a strong complement or alternative to their existing portfolio holdings,” commented Barry Goodman, Executive Vice President at Millburn. Deutsche’s European head of fund derivatives, Tarun Nagpal, said that Millburn’s expertise and long-standing success “will make this product attractive to investors wanting to access the returns of a leading managed futures fund in a UCITS-III format”.
