Ivory Investment launches UCITS compliant fund

Ivory Investment Management has launched its DB Platinum Ivory Optimal Fund, which will take long and short positions in the equity securities of publicly traded companies in the US.

Ivory Investment launches UCITS compliant fund

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The company said it will combine bottom-up, value-based investments with a proprietary spread risk management system that "significantly reduces volatility".

The Luxembourg-domiciled fund will operate through Deutsche Bank’s UCITS platform and has a performance fee of 20%.

The fund is currently valued at $130m and will be managed by Curtis Macnguyen, founder and head portfolio manager at Ivory.

It has a minimum initial and additional investment of €100 for institutional investment and €10,000 for retail investments.

On the launch, Macnguyen said: "We are seeing significant interest from investors globally and this UCITS fund allows Ivory to offer our investment strategy to a larger and more diverse investment base.”

Tarun Nagpal, head of Deutsche’s alternative & fund solutions group for Europe and Asia, added: “This fund provides a compelling opportunity to gain exposure to US equity markets, a key current investment theme for many of our clients.”

Ivory manages over $2bn in equity strategies and is based in Los Angeles. Prior to working at Ivory, Macnguyen was a partner at Sieglar, Collery & Co.

Deutsche Asset and Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It currently has €934bn in assets under management.

In October last year, Deutsche appointed Fahad Albader and Adel Dagher as co-heads of asset management coverage for the MENA region.

In their new roles, Albader and Dagher have joint responsibility for representing the company’s capabilities to institutional clients across the MENA region

Dagher joined after 12 years with Man Group while Albader joined from Deutsche Bank's Corporate Banking and Securities division.
 

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