Deutsche Asset & Wealth management and Ivory Investment Management have launched the UCITS compliant DB Platinum Ivory Optimal Fund on Deutsche Bank’s UCITS platform.
The fund, currently at USD130 million, will be managed by Curtis Macnguyen, founder and head portfolio manager of Ivory.
Ivory is a research-intensive, fundamental value-based investment firm. Ivory’s investment strategy is to deliver risk-adjusted returns with low correlation to market indices, while protecting capital in all market conditions. Ivory seeks to take long and short positions primarily in equity securities of publicly traded companies.
Ivory manages over USD2 billion in equity strategies and is based in Los Angeles.
Tarun Nagpal, head of DeAWM’s alternative and fund solutions group for Europe and Asia, says: “This fund is an important addition to our range of UCITS products. We are pleased to have attracted such strong investor demand and oversubscription for this new product prior to launch. The fund provides a compelling opportunity to gain exposure to US equity markets, a key current investment theme for many of our clients.”
Macnguyen says: “We are excited to be working with Deutsche Asset & Wealth Management on the launch of the DB Platinum Ivory Optimal Fund. We are seeing significant interest from investors globally and this UCITS fund allows Ivory to offer our investment strategy to a larger and more diverse investor base.”
