Deutsche Bank and Fortinbras Asset Management have launched the DB Platinum IV Fortinbras PRISM Index, a UCITS fund available through Deutsche Bank’s DB Platinum fund umbrella and its dbSelect platform.

Based in Eschborn in Germany, Fortinbras manages the Luxembourg-domiciled SICAV fund, which offers daily liquidity and is intended for institutional investors, Deutsche Bank said in a statement.

The fund’s underlying strategy is to capture trends in the fixed income, interest rate, foreign exchange and commodity market - a type of strategy which has already been applied to a variety of fixed income funds for over 20 years, the bank said.

“Demand from investors for access to hedge fund strategies within a transparent, liquid and efficient structure continues to grow. The UCITS wrapper is a stamp of quality for investors, and we are pleased to partner with managers like Fortinbras as we increase the breadth of UCITS-compliant funds available through dbSelect,” said Will Hutchings, European head of dbSelect sales.

Chris Kennedy, co-founder and managing director of Fortinbras, said the firm is “pleased to be working together not only in Europe but also in Asia where our marketing initiatives are intensifying.”

“We are seeing a notable growth in appetite from all geographies as investors globally become increasingly comfortable with the UCITS format. Partnering with Deutsche Bank for this UCITS fund allows us to increase our breadth of offering to an investor base that is looking for absolute returns with high liquidity and low cost of delivery,” Kennedy said.

dbSelect is Deutsche Bank’s platform for accessing liquid hedge fund strategies, such as managed futures, CTAs, currency, global macro, volatility arbitrage and commodity strategies.

The platform includes over 150 hedge fund programmes, daily liquidity and a “highly efficient” cost structure. It has attracted more than $5 billion in assets under management from pension funds, sovereign wealth funds, fund of funds, private banks and insurance companies.

German-based Fortinbras is a BaFin-regulated CTA, which focuses on highlighting opportunities from trends within fixed income markets. 

Combined with the PRISM fund, Fortinbras offers investors an “extensive track record in momentum-based investing in the interest rate space with the additional benefit of diversification in global foreign exchange and commodities markets,” the firm said.

Fortinbras had €440 million (around $557 billion) in AuM as of 31 December last year.