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Deutsche Bank launches Coeli Macro strategy on dbSelect

Tuesday, December 10, 2013
Opalesque Industry Update, for New Managers - Deutsche Bank announced that Coeli Asset Management and IMQubator have launched the Coeli Macro strategy on dbSelect, Deutsche Bank’s platform for accessing liquid hedge fund strategies.

This new Coeli Macro strategy offers investors a rare chance to gain exposure to emerging markets via dbSelect. The manager will aim to produce superior returns by exploiting overall market volatility and direction using foreign exchange and other exchange traded instruments.

Birgitte Jespersen, portfolio manager of the Coeli Macro strategy has more than 30 years´ experience in emerging markets, managing proprietary portfolios and hedge funds within institutions such as HSBC, MAN Investments and Morgan Stanley.

Managed investment platforms allow hedge fund managers to offer multiple customised ways of accessing investment strategies in a transparent and efficient manner, whilst reducing counterparty risk and increasing liquidity for investors.

Amsterdam-based IMQ is an all-round hedge strategy manager, with a chief focus on early-stage and younger manager investment. The former are provided with seed capital, with the latter being deployed acceleration capital. Its core objective is to provide institutional investors with access to nimble strategies which have zero or negative correlation with equity as well as with access to a premium return potential often found with young managers. IMQ offers this in a cost efficient, transparent and controlled risk environment.

Coeli Asset Management offers clients a comprehensive range of differentiated investment solutions including actively managed equities, single strategy hedge funds and Nordic private equity. Investment solutions with unique and actively managed risks for professional clients is at the heart of Coeli Asset Management’s strategy. Hans Jacob Feder, Head of dbSelect at Deutsche Bank, said: “We are pleased to partner with Coeli’s EM Macro strategy, which brings depth and diversification to dbSelect. We are confident in the unique features of the strategy and the benefits for our investors.”

Birgitte Jespersen, EM Macro Portfolio Manager on behalf of Coeli Asset Management said: “We are pleased to be part of Deutsche Bank’s established dbSelect platform. As developed markets stage a modest recovery, it’s time to question traditional assumptions about emerging markets which are now 50% of global GDP. I believe EM equity, debt and FX markets will remain volatile, which is exactly the environment needed for dedicated EM Macro strategies to produce excellent returns and true diversification.”

Rikard Lundgren, CIO of IMQ, comments: "There is a context of large macro imbalances and the end of extreme monetary policies, against a backdrop of shifting economic power between countries and regions. We think this will lead to price dispersion within as well as between asset classes. Such an environment provides rich opportunities for a skill-based and adaptive investment strategy.”

Press release

bc

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