Deutsche Bank in the U.S. is planning to build a platform for single manager fund accounts, allowing it to structure products linked to third-party funds and distribute them to clients. The platform will include hedge funds, private equity funds and real estate funds, said John Larkin, newly appointed head of Deutsche Bank's alternative investments solution group for the Americas in New York (DW, 7/4).
Larkin, who joined from HFR Asset Management, worked with managed accounts at HFR and prior to that, Citigroup. He said the Deutsche Bank platform will not be used for mass distribution, but will cater to the high end of the market. It will focus on a smaller number of funds which will allow it to pick and choose managed accounts and stand out from competitors such as Lyxor Asset Management, which runs over 100 managed accounts.
