Deutsche Bank’s liquid alternatives group has teamed up with Selwood Asset Management to launch a market neutral credit strategy on Deutsche Bank’s UCITS platform.
The DB Platinum IV Selwood market neutral credit UCITS launched in April and has gathered at launch an asset under management total of $300 million.
The fund is managed with a market neutral risk profile. It targets a net return of 6 to 7 percent and a sharpe ratio of 2. The strategy focuses on capturing historical dislocation in the credit space and aims to deliver stable and uncorrelated returns to traditional asset classes.
Manos Chatiras, head of liquid alternatives at Deutsche Bank, said: “With the alternatives UCITS industry maturing allocators need to have a diverse range of alternative strategies.”
He added: “The Selwood market neutral credit UCITS fund is further proof of our commitment to our investors for orthogonal returns. We are pleased to be partnering with Sofiane and his team in delivering their expertise in UCITS.”
Sofiane Gharred, founder and CIO at Selwood, commented: “We are very pleased to team up with Deutsche Bank’s liquid alternatives group and offer UCITS investors a truly differentiated approach to credit investment.”
