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Alternative Market Briefing

Alma Capital acquires DWS hedge fund UCITS business

Tuesday, June 18, 2019

Bailey McCann, Opalesque New York:

Luxembourg-based Alma Capital Investment Management will acquire DWS's hedge fund UCITS business. The platform has €2 billion across six funds. The deal is expected to be complete in the second half of this year.

The UCITS funds have a range of strategies including alternative credit, event driven, managed futures and global macro. DWS has both single and multi-manager funds that will be folded into Alma Capital's existing range of long only and long/short UCITS funds.

DWS's Alternatives platform overall has €85 billion in assets under management. In a statement, the firm said that this sale is part of its strategy to provide scale, e......................

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