EIM Plans New Hedge Fund Platform, Deutsche In Admin. Talks

Sep 23 2009 | 2:44am ET

Deutsche Bank’s hedge fund administration unit is in talks with EIM about the Swiss fund of hedge funds giant’s planned new fund platform.

The German bank is negotiating for the fund administration mandate for EIM, Reuters reports, although no final decision on an administrator has been made.

“EIM is in the process of conducting a project to set up a dedicated fund platform and will seek to convince a number of the funds EIM uses to set up on the platform,” EIM’s Bill Glass told Reuters. “The selection process has not yet been completed.”

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