Deutsche Bank Spins Off Fund Managers

August 19, 2010

The Wall Street Journal reported on August 12, 2010 that Deutsche Bank has spun off its quantitative strategies group in a management buyout and has also spun off its global thematic strategies fund management group.

On August 12, 2010, The Wall Street Journal reported that, effective on August 1, 2010, Deutsche Bank AG had completed the management buyout spin off of the quantitative strategies group of DB Advisors, its institutional asset management unit.  The spun off unit, QS Investors, LLC, has $11 billion under management and will act as a sub-advisor for Deutsche Bank funds it currently manages.  Janet Campagna was named QS Investors’ chief executive, leading the transferred 40 employee team.  Separately, Oliver Kratz, formerly head of global thematic strategies at Deutsche Asset Management, said he would be CEO of New York-based Global Thematic Partners, LLC, a newly formed independent investment management firm managing $9 billion of assets.

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Categories

Hedge Fund M&A, Investment Manager M&A, Transactions