dbalternatives

Deutsche Bank's dbalternatives provides the full range of hedge fund products and services: investment products, managed account platforms, secondary market trading, structured finance, risk management, fund distribution, options, and on-line reporting systems. It is the only group to offer all these services in one umbrella structure. dbalternatives has been voted the world's best provider of hedge fund products by Risk Magazine in 2009, 2010 and 2011.

Investment Products: dbalternatives offers investment products linked to numerous different hedge funds and leading global fund of hedge funds. Investors can select the manager(s) they wish to gain an exposure to, and dbalternatives helps to structure the appropriate product. These products are available in a wide range of formats including managed accounts, UCITS funds, certificates, notes, deposits and exchange traded funds (ETFs).

dbalternatives Hedge Fund Managed Account platform: dbalternatives' award-winning X-markets Hedge Fund Platform was developed in 2002 to address the growing concerns of hedge fund investors regarding fraud, transparency, liquidity and independent pricing. The dbalternatives platform is available for direct investment and via structured products, UCITS funds and ETFs. The cornerstone of the platform concept is to separate the functions present within a hedge fund into the constituent parts.

dbalternatives UCITS: the dbalternatives UCITS universe benefits from synergies from two established, market-leading platforms, the X-markets Hedge Fund Platform and the DB Platinum UCITS Funds platform. The suite of hedge funds UCITS has consistently been expanded, especially in the booming market for single manager UCITS.

dbalternatives ETFs: dbalternatives is the pioneer of ETFs on hedge funds. The award winning db Hedge Fund ETF continues to be an investment of choice both as a direct investment and as the preferred underlying for derivatives.

Secondary Market Trading: dbalternatives makes markets in a wide range of hedge fund linked investment products. During 2011, it executed over 8,000 secondary market trades, and regularly offered the tightest bid-offer spreads on many securities. Investors in our products can trade them online through X-markets with published live daily bid-offer prices (14 hours/ day)

Fund Distribution: dbalternatives works with hedge funds to raise capital for new funds and to raise additional capital for existing funds, drawing on Deutsche Bank's unique global distribution network.

Hedge Fund Indices: dbalternatives operates over 30 synthetic indices on hedge funds and funds of funds. These indices are used to create investment, risk management, benchmarking and financing solutions.

Structured Finance: dbalternatives is one the biggest provider of structured financing to hedge funds, fund of hedge funds, family offices and hedge fund investors where the loans are collateralised by their hedge fund portfolios.

Options: dbalternatives is one of the few providers to offer options on fund of hedge funds and single hedge funds, responding to investor demand for short-dated money market-type instruments.

Risk Management: dbalternatives helps investors to hedge their hedge fund positions and to restructure them where necessary. Part of the Risk Management is the Corporate Actions Response Team, a 6 person dedicated team tracking all corporate and special actions on over 400 underlying funds allowing dbalternatives to manage such positions to the benefit of db alternatives' clients.

On-Line Reporting Systems: One of the key investor concerns about hedge fund linked products is transparency. With many products it is very difficult to obtain up to date performance data, and almost impossible to monitor risk exposures. Our clients don't have that problem. Our dbX-Insight Reporting and db Risk Office tools allow clients to track returns in real time, and to monitor correlation and overlap analysis between FoHFs and single Funds.