Fund launches & closures Wrappers / Structures

Paulson raises $100m with UCITS launch on Deutsche platform

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After weeks of speculation, leading US-based hedge fund group Paulson & Co and Deutsche Bank have formally announced the launch of a UCITS-compliant version of Paulson’s flagship Advantage fund on Deutsche’s Platinum platform.

The keenly-awaited launch, which is the latest in a growing number of UCIS launches by top US managers, has already attracted more than $100 million in assets – making it one of the most successful starts of its kind so far.

The two parties say the UCITS vehicle, called the DB Platinum IV Paulson Global Fund, is linked to the performance of a synthetic managed basket –