Deutsche Asset & Wealth Acquires $85 Million Illiquid HF Portfolio

March 19, 2014

On March 12, 2014, FIN Alternatives reported that Deutsche Asset & Wealth Management’s Aggregator Solutions Fund had acquired a portfolio of illiquid hedge fund investments worth $85 million from an undisclosed Swiss asset manager.

On March 12, 2014, FIN Alternatives reported that Deutsche Bank’s wealth management subsidiary, Deutsche Asset & Wealth Management, had acquired a portfolio of illiquid hedge fund investments.  The portfolio was acquired from an unnamed Swiss asset manager and it is worth $85 million.  Deutsche Asset & Wealth Management’s Aggregator Solutions Fund was launched to invest in illiquid or lower-liquidity hedge funds; it now has investment positions with a net asset value of approximately $400 million.  The terms of the transaction were not disclosed.

To read the complete story, please click here.


Categories

Hedge Fund Strategic Investments, Transactions