Monday, 22 September 2014
Last updated 2 days ago
Jan 13 2012 | 1:08am ET
Deutsche Bank is moving forward with plans to sell its asset management business, including RREEF, its alternative asset unit.
The bank has given 12 possible bidders permission to conduct due diligence on RREEF, its institutional business DB Advisors and its Americas mutual fund business DWS Investments. Deutsche Bank could net in excess of €2 billion in the sale; RREEF alone has €46 billion in assets under management, while the for-sale units together boast €400 billion.
Deutsche Bank decided to move forward with the process on Tuesday after it was satisfied by the interest expressed in the business by potential buyers. Only bidders who want to buy and keep all the businesses together were considered.
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…
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