Friday, 27 March 2015
Last updated 13 min ago
Jan 26 2011 | 2:40am ET
Deutsche Bank has launched its second exchange-traded fund of hedge funds, two years after offering its first.
The firm no doubt hopes that the db x-trackers db Strategies Hedge Fund Index ETF can replicate the success of its predecessor. The db Hedge Fund Index ETF has garnered US$1.5 billion in assets since its debut in January 2009.
The new fund invests exclusively in equity long/short and equity-market neutral hedge funds; currently, it has 13 underlying managers and invests in 17 hedge funds. Among the funds in its roster are BlackRock, GLG Partners and Marshall Wace Asset Management.
The original Deutsche Bank ETF invests across six hedge fund strategies.
Both vehicles are UCITS III-compliant and are unusual for hedge fund ETFs in that they actually invest in hedge funds, rather than seeking to track their performance.
The db Strategies ETF charges a total of 155 basis points, including a 15 bps index fee and 50 bps risk monitoring fees. Those fees do not include the fees charged by the underlying hedge funds.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…