NEW YORK (HedgeWorld.com)–After a long registration process, Deutsche Bank is finally able to talk publicly about its hedge fund of funds offering for individual investors.
Deutsche Bank’s hedge fund unit DB Absolute Return Strategies is now offering its first registered hedge fund of funds to a broader population of eligible individual investors.
The DB Hedge Strategies Fund LLC is a closed-end fund registered under the Investment Company Act of 1940 with a prospectus filed under the Securities Act of 1933. The investment unit is one of a handful of hedge fund managers that have registered a fund under the 1933 Act, which allows Deutsche officials to more freely discuss the aspects of their fund, since it is offered publicly under the act.
“We believe hedge funds should be part of every investors’ portfolio,” said Craig Russell, managing director and global head of sales and marketing at DB Absolute Return Strategies.