Thursday, 5 March 2015
Last updated 2 min ago
Feb 1 2007 | 11:27am ET
Everybody in the pool!
Deutsche Bank, following Morgan Stanley and Lehman Brothers, expects to get its own piece of the hedge fund world sometime this year.
The German bank’s CEO, Josef Ackermann, said in a television interview, “We have to be in a position to offer our clients all investment classes including hedge funds.” The firm’s purchase of a stake in an American or British hedge fund firm “could quite possibly happen this year,” he added.
Yesterday, Lehman agreed to buy 20% of London-based Spinnaker Capital Group, and late last year, Morgan Stanley bought FrontPoint Partners, as well as stakes in three other hedge funds.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…