WEST PALM BEACH, FL (HEDGECO.NET) – Deutscher Investments has announced plans to form two new hedge fund umbrellas according to a released statement from the company. The two new products,dit-Portfolio and dit-Portfolio Optimizer Plus are available through Deutscher subsidiary in Luxemburg.
The new umbrella products mark the entry point of Deutscher into hedge fund management, but the establishment of single hedge funds products will be delayed until the German laws governing such asset classes takes effect. Sources familiar with these matters said laws would take effect during the second half of the 2004 calendar.
The two new Deutscher products invest in two different strategies according to the released information, each with specific defined risk tolerance levels. The dit-Portfolio Optimizer strategy will concentrate investment activities on bond related assets, while the dit-Portfolio Optimizer Plus will invest in strategies geared towards �optimization of performance prospects� according to the documents.
Both strategies will apply other hedge fund strategies such as equity hedge, global macro, event driven, distressed securities or fixed income arbitrage, using appropriate weighing characteristics proportional to each funds risk objective. Both funds will start trading in March according to the released statements.
Deutscher Investments is a multi-billion dollar asset manager headquartered in Frankfurt Germany.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@Hedgeco.net
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY, APPLY TODAY!
