Deutsche Bank Readies $100M Insurance-Linked Hedge Fund

Jun 6 2013 | 11:30am ET

Deutsche Bank is planning a catastrophe-bond hedge fund, in spite of the difficulties it faces in doing so due to new U.S. regulations.

The bank's Deutsche Asset & Wealth Management unit will run the new fund, with new re-hire Michael Amori as manager. Amori, who is based in London, was co-head of Deutsche Bank's longevity markets group until leaving the bank late last year.

The new fund will invest in cat-bonds and other insurance-linked investments, Hedge Fund Alert reports. Deustche Bank, which has yet to begin marketing the fund, plans to seed it with US$100 million, in spite of the restrictions placed on it by the Volcker rule, which strictly limits the amount that banks can invest in hedge funds.

When it launches the fund, Deutsche Bank will leap into an increasingly crowded field, both in terms of players and opportunities. A half-dozen firms have held cat-bond offerings in the past two months, and Citigroup spin-off Napier Park Global Capital is preparing to join the likes of Credit Suisse, Fermat Capital and Nephila Advisors in the space.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this race. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.