Tuesday, 28 July 2015
Last updated 12 hours ago
Feb 16 2012 | 2:45am ET
There's a new king of hedge fund managed accounts platforms, and it has a German, rather than French, accent.
Deutsche Bank's dbalternatives and dbSelect platforms have more than US$12 billion in assets under management combined. That puts the German bank ahead of Lyxor Asset Management, whose managed account platform has US$11 billion, HFMWeek reports.
While Deutsche Bank is now the undisputed king in terms of assets, Lyxor's platform remains the hedge fund industry's biggest in terms of assets, as Deutsche's assets are split between the two platforms. dbalternatives has US$7 billion in assets, while dbSelect, the bank's specialist platform, has US$5.2 billion.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…