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By the Opalesque team:
Capitalising on the growth of investor demand for alternative ways to access hedge funds, Deutsche Bank's award-winning managed account platform has recently created a dedicated sales team, which will be headed by Daniel Caplan.
The managed account platform, which has been running since 2002, saw its AuM grow by around $3bn (Source), to a total of $8bn in 2009.
"The overall managed account industry experienced a paradigm shift in 2009. Deutsche Bank's hedge fund managed account platform saw exponential growth as investors became increasingly aware of the common goals of transparency, liquidity and security of assets. A broad range of investor types from retail and high net worth clients, through to asset managers, insurance companies and pension funds were all interested in ways to mitigate risk in this area, and as a result, asset inflows jumped significantly. We see this trend continuing strongly in 2010," Caplan told Opalesque in an e-mail communication.
Deutsche Bank estimates that more than 20% of new assets coming into the hedge fund industry in 2010 will do so via managed accounts.
The bank also hired a new senior sales person, Guillaume Mathais, who will be entirely dedicated to managed account sales. He joins the bank from Lyxor Asset Mana...................... To view our full article Click here
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