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.