Deutsche Bank’s liquid alternatives group has teamed up with Selwood Asset Management to launch a Market Neutral Credit strategy on Deutsche Bank’s UCITS platform.
The DB Platinum IV Selwood Market Neutral Credit UCITS launched on 13 April and has gathered at launch an AUM of USD300 million.
“With the alternatives UCITS industry maturing allocators need to have a diverse range of alternative strategies. The Selwood Market Neutral Credit UCITS fund is further proof of our commitment to our investors for orthogonal returns. We are pleased to be partnering with Sofiane and his team in delivering their expertise in UCITS,” says Manos Chatiras, Head of Liquid Alternatives at Deutsche Bank.
Selwood Asset Management was founded in 2015 by credit specialist Sofiane Gharred (pictured), after a career of fifteen years in banking and investment management. The company has raised over USD1 billion in assets since inception.
The Fund is managed with a market neutral risk profile. It targets a net return of 6-7 per cent and a Sharpe Ratio of 2. The strategy focuses on capturing historical dislocation in the credit space and aims to deliver stable and uncorrelated returns to traditional asset classes.
“We are very pleased to team up with Deutsche Bank’s liquid alternatives group and offer UCITS investors a truly differentiated approach to credit investment,” says Sofiane Gharred, Founder and CIO at Selwood.
