The new UCITS fund was launched on Deutsche Bank’s DB Platinum IV platform in February 2011.
Deutsche Bank said that the fund will be managed by Lynx, part of Brummer & Partners group in Stockholm, in accordance with the systematic strategy applied by the Lynx program and offers daily liquidity.
Jonas Bengtsson, Svante Bergstrom and Martin Sandquist will manage the Lynx UCITS III fund. The program assets of Lynx were $3.3bn, as of February 2011.
Deutsche Bank global head of the dbSelect platform Hans Jacob Feder said that this fund is an important addition to bank’s range of UCITS products as it leverages the strengths of the dbSelect platform and allows investors to capture the performance of FX and CTA/Macro Managers in a cost efficient and transparent manner.
Lynx CEO and founding partner Svante Bergstrom said that to consider launching a UCITS fund, it has been important for Lynx to limit the tracking error to the flagship fund.
"The innovative and unique structure that Deutsche Bank provides through the dbSelect platform allows us to achieve this. We are looking forward to working with Deutsche Bank on this new venture," Bergstrom said.
