Fortinbras AM teams up with Deutsche Bank to launch UCITS fund
German asset management firm, Fortinbras Asset Management, this week announced the launch of a new UCITS fund in conjunction with Deutsche Bank. The DB Platinum IV Fortinbras PRISM Index fund is available to investors through Deutsche Bank’s DB Platinum fund platform and its dbSelect platform. The SICAV fund is domiciled in Luxembourg and offers daily liquidity: it is primarily targeted at institutional investors. Fortinbras is based in Eschborn, Germany. The proprietary investment strategy that underpins the PRISM fund has been used in the management of a variety of fixed income funds over 20 years. As such, the PRISM fund will apply a long/short systematic algorithm to a suite of futures contracts in order to capture trends across fixed income, interest rates, FX and commodity markets.
Will Hutchings, European Head of dbSelect Sales at Deutsche Bank said that demand from investors for access to hedge fund strategies within a transparent, liquid and efficient structure “continues to grow”, adding: “We are pleased to partner with managers like Fortinbras as we increase the breadth of UCITS compliant funds available through dbSelect.” The dbSelect platform hosts more than 150 hedge funds covering a range of strategies including managed futures, global macro, commodity and volatility arbitrage. It currently has more than USD5billion in AUM. Chris Kennedy (pictured), co-founder and managing director of Fortinbras, was quoted as saying: “Deutsche Bank offers an efficient operational infrastructure and extensive UCITS expertise and we are pleased to be working together, not only in Europe but also in Asia where our marketing initiatives are intensifying.” As of end-2011, Fortinbras had EUR440million in AUM.
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