Fund launches & closures

Fortinbras debuts on DB Platinum with CTA launch

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Fortinbras Asset Management, a German-based asset manager with $556 million assets under management, has launched a commodity trading advisor fund on Deutsche Bank’s DB Platinum platform.

The DB Platinum IV Fortinbras Prism Index fund is a Luxembourg-domiciled UCITS-compliant SICAV fund. It offers investors daily liquidity and is aimed at institutional investors.

The PRISM Index fund intends to capture trends in the fixed income, interest rate, foreign exchange and commodity markets by applying a long/short systematic algorithm to a basket of futures contracts. The proprietary underlying investment strategy has been applied to the management of a variety of fixed income funds