Last updated: 19:34 / Tuesday, 3 June 2014
Long-Short US Equity

DeA&WM and LA-based Ivory IM Launch New UCITS Fund

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DeA&WM and LA-based Ivory IM Launch New UCITS Fund
  • The UCITS compliant DB Platinum Ivory Optimal Fund has launched on Deutsche Bank’s UCITS platform
  • The fund, currently at $130 million, will be managed by Curtis Macnguyen

Deutsche Asset & Wealth Management and Ivory Investment Management, have announced the launch of the UCITS compliant DB Platinum Ivory Optimal Fund on Deutsche Bank’s UCITS platform. The fund, currently at $130 million, will be managed by Curtis Macnguyen, founder and Head Portfolio Manager of Ivory.

Ivory IM is a research-intensive, fundamental value-based investment firm founded by Curtis Macnguyen in 1998. Ivory’s investment strategy is to deliver superior, risk-adjusted returns with low correlation to market indices, while protecting capital in all market conditions. Ivory seeks to take long and short positions primarily in equity securities of publicly traded companies. Ivory emphasizes superior security selection over broad market exposure and combines bottom-up, value-based investments with a proprietary spread risk management system that significantly reduces volatility. Ivory manages over $2 billion in equity strategies and is based in Los Angeles. Prior to Ivory, Curtis Macnguyen was a partner at Siegler, Collery & Co.

Commenting on the launch, Tarun Nagpal, Head of DeAWM’s Alternative & Fund Solutions group for Europe and Asia, said: “This fund is an important addition to our range of UCITS products. We are pleased to have attracted such strong investor demand and oversubscription for this new product prior to launch. The fund provides a compelling opportunity to gain exposure to US equity markets, a key current investment theme for many of our clients.”

Curtis Macnguyen, Head Portfolio Manager of Ivory said: “We are excited to be working with Deutsche Asset & Wealth Management on the launch of the DB Platinum Ivory Optimal Fund. 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 investor base.”

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