deutsche bank adds to ucits compliant range

Deutsche Bank has announced the launch of the DB Platinum IV Fortinbras Prism Index, a long/short Ucits strategy which aims to capture trends in fixed income, interest rate, foreign exchange and commodity markets.

deutsche bank adds to ucits compliant range

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The Fortinbras Prism Index Fund is available through Deutsche Bank’s DB Platimum fund umbrella, and its dbSelect platform, and is managed by Fortinbras Asset Management, based in Germany.

It is run using an algorithm to a basket of futures contracts, with an underlying investment strategy that has been applied to a variety of fixed income funds for over 20 years.

The fund is a Luxembourg domiciled Sicav and offers investors daily liquidity.

Will Hutchings, European head of dbSelect sales at Deutsche Bank, said: "Demand from investors for access to hedge fund strategies within a transparent, liquid and efficient structure continues to grow.

“The Ucits wrapper is a stamp of quality for investors and we are pleased to partner with managers like Fortinbras as we increase the breadth of Ucits-compliant funds available through dbSelect."

Manager of the fund, Fortinbras, was founded in 2004 and had €440m AUM as of 31 December 2011.

Co-founder and managing director of Fortinbras, said: "We are pleased to be working together not only in Europe but also in Asia, where our initiatives are intensifying. We are seeing a notable growth in appetite from all geographies as investors globally become increasingly comfortable with the Ucits format.”

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