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Deutsche Bank Looks To Boost Japanese Hedge Fund Presence

by Carla Johnson, Investors Offshore.com

20 September 2004

Global banking giant Deutsche Bank is planning to triple the amount of money placed in its managed hedge funds by Japanese investors, a bank executive was quoted as saying last week.

According to a report in the International Herald Tribune, Deutsche Bank wants to boost the value of its Japanese funds to $1.5 billion over the next three years as part of its strategy to close the gap with its competitors in Asia.

“Compared to other banks’ hedge fund arms, our exposure to Japanese market is still very limited,” observed Takuma Yoshida, head of the Deutsche Bank unit in Japan, the IHT reported.

Despite Deutsche Bank’s global presence, it does not even figure in the top ten of assets under management raised in Japan, and DB Absolute Return Strategies, the bank's hedge fund arm, is planning to enlist local banks and brokers to sell its services in Japan.

DB ARS currently manages some $9 billion in hedge fund assets, around 10% of which is invested in Japanese markets.

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