DWS sells global hedge fund business to Alma Capital

Luxembourg-based Alma Capital Investment Management has entered into an agreement to acquire DWS's hedge fund Ucits business, which provides investors with access to liquid alternative investment strategies in regulated Ucits funds through the DB platinum fund range.  DWS hedge fund Ucits platform manages €2bn in AuM across six vehicles using a broad range of strategies including alternative credit, event driven, managed futures and global macro. DWS selected these managers for individual products or combined their expertise for multi-manager approaches. The transaction is expected to...