Deutsche Asset Management U.K. launched its first hedge fund, the market-neutral Equilibria fund, which will be seeded with $20 million of DeAM’s capital, said Missy DeAngeles, spokeswoman. Growing interest from European institutional investors prompted the new hedge fund, which will invest in the U.K., Europe, the U.S. and Japan. The fund will be based in the Cayman Islands.
The fund will operate with a market-neutral long-short mandate and aims to return 10% above what the assets would earn in cash.
