Tuesday, 23 September 2014
Last updated 9 hours ago
Apr 6 2010 | 1:54pm ET
Deutsche Bank is establishing a new private equity fund of funds business within its asset management unit.
The bank announced today that it will combine three existing businesses under the new group entitled, DB Private Equity, which will manage approximately €6 billion of private equity fund of fund client assets.
The three units that are being rolled into one are the Private Equity Group of Deutsche Bank Private Wealth Management, the Secondaries Private Equity Team of RREEF and Sal. Oppenheim Private Equity Partners. The move follows the closing of the Sal. Oppenheim Group acquisition.
Chris Minter has been named global head of DB Private Equity. He will report to Kevin Parker, global head of Deutsche Asset Management and a member of Deutsche Bank’s Group Executive Committee.
Rolf Wickenkamp, until recently a partner at Sal. Oppenheim Private Equity Partners, has been appointed vice chairman of the new combined group.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.