Alternatives | Deutsche Asset & Wealth Management

Alternatives

Alternative asset management – at a glance

To hedge risk or to enhance returns, many experienced investors turn to alternatives
– investments generally designed to behave differently than traditional stock and bond vehicles.

A market leader
With a track record of innovation, Deutsche Asset & Wealth Management is a pioneer in
alternative investments. Our global network of 750 professionals from San Francisco to
Sydney is dedicated to creating and matching clients with non-correlated investments that can
augment short-term returns and help smooth overall portfolio performance over time.

Integrated, client-focused approach
We understand that, by their nature, alternative investments are complex instruments that
require tremendous attention to balancing risk and return. We are committed to marshaling
accountably and pursuing a rigorous investment approach that ensures that these valuable
investment tools serve our clients’ needs.

Coverage across all alternatives
We are one of the few asset managers with significant coverage in each sub-asset class of
alternatives, with this including real estate, hedge funds, infrastructure, private equity,
fund derivatives and financing, retirement and hybrid solutions, and commodities investments.

Client type
We offer a client-centric approach to investment solutions to meet the objectives of governments,
corporations, insurance companies, endowments and retirement plans worldwide.

At nearly EUR 95.2 bn Deutsche Asset & Wealth Management is one of the world's largest managers of alternative investments.1


1 Source: Towers Watson 2012 Alternatives Study. Ranked based on market positions as of YE2011 or 1H2012.
2 Source: Deutsche Asset & Wealth Management as of 12/31/2012.

Real Estate
A 40-year real estate investment heritage

Deutsche Asset & Wealth Management’s Real Estate investment business has been investing in real estate assets for more than 40 years. Today, with a dedicated team located in 21 cities around the world, our global platform manages over EUR 37 billion on behalf of institutional investors and private clients worldwide.

We aim to deliver superior, long-term, risk-adjusted returns and the preservation and diversification of capital to our investors. We employ a disciplined investment approach in the offering of a diverse range of solutions across the risk/return and geographic spectrums:

  • Core, value-added, and opportunistic equity real estate
  • Real estate debt
  • Global, regional, and domestic real estate securities
More about real estate

 

Assets under management
Competitive advantages

Strong fiduciary focus

Thought leadership in
real estate research

Proven access to
transaction flow

Rigorous life-cycle approach
to risk management

Active, hands-on real
estate asset management

1 Source: Deutsche Asset & Wealth Management as of 12/31/2012.
Hedge Funds
Proprietary hedge fund research and management

Deutsche Asset & Wealth Management offers the industry’s most comprehensive managed-account platform solution, allowing clients access to more than 300 managers across 12 core hedge fund strategies. 1

This unsurpassed range of access, our own proprietary hedge fund research and management, and our leading-edge reporting tools combine to create a robust, flexible, secure and transparent framework for balancing client investment risk and return.

More about hedge funds

Assets under management


Transparency – full position-level transparency on the platform, and enhanced transparency to the end investor


Liquidity – full daily, weekly, or monthly liquidity with short-notice and payout periods


Risk control – daily monitoring of liquidity, exposure and other risk factors


Security – client assets fully controlled by the platform provider, not the hedge fund manager


Independent valuation – net asset value calculations made independently by the hedge fund manager


Flexibility – multiple access routes versus traditional offshore fund vehicles

1 Source: HFM 2012 Managed Accounts Universe Survey.
2 Source: Deutsche Asset & Wealth Management as of 12/31/2012.
Infrastructure
Investing since 1994

Deutsche Asset & Wealth Management’s infrastructure investment business (formerly RREEF Infrastructure) has been investing in infrastructure assets since 1994. The global platform – which provides client solutions covering private equity infrastructure, listed infrastructure and infrastructure debt – gives investors access to such economic sectors as transportation, utilities, telecommunications, and other service sectors critical to the basic functioning of local and global economies.

With our extensive experience in acquiring, actively managing, and restructuring investments as an equity or debt investor, we aim to deliver the diversification and, preservation of capital, superior yield and long-term performance consistent with our clients’ objectives.

More about infrastructure

Assets under management
Competitive advantages

True fiduciary focus


Global business with regional product lines in both infrastructure equity and debt


Leading global infrastructure securities business


Active infrastructure asset management


Compelling performance record in both private and public infrastructure strategies

 

1 Source: Deutsche Asset & Wealth Management as of 12/31/2012.
Private Equity & Private Markets
Investing since 1991

Deutsche Asset & Wealth Management’s combined private equity & private markets platform was formed in 2010 and extended in 2013. Its predecessor businesses have been investing since 1991.

The platform manages in excess of EUR 11 billion for institutional and private clients globally with an integrated approach across primary, secondary and direct co-investments strategies in private equity, private debt, real estate and infrastructure markets.

Our team of over 30 investment professionals located in offices in North America, Europe, and Asia has an average 12 years of industry experience and represents 11 different nationalities and 15 languages – a truly global team with the local expertise to assemble and execute private-party transactions.

More about private equity & private markets

 

Assets under management1
Investment approaches

Primary investments


Secondary investments


Direct co-investments

 

Asset classes

Private equity


Private debt


Infrastructure


Real estate

1 Deutsche Asset & Wealth Management as of 12/31/2012.
Commodities
Active commodities management

Deutsche Asset & Wealth Management’s commodities investment business (formerly RREEF Commodity Advisors) employs an actively-managed, fundamental, research-driven approach to commodities investing.

The team – together for more than a decade – advocates a broad range of opportunities and leverages proprietary research to capitalize on the inherent inefficiencies in the commodities market. We provide highly liquid investment solutions to individual and institutional investors . These solutions implement commodity-only, natural resource-based and blend strategies, and involve sector funds.

Our experienced commodities investment professionals draw upon their collective global perspective, and their tenure as a team translates into an information edge for our investors.

More about commodities

Assets under management
Competitive advantages

Actively-managed, fundamental research-driven, diversified, global commodity portfolios


Robust set of solutions includes commodity-only, natural resources equity only, blend strategies, and sector funds (e.g. precious metals)


Dedicated team averages 16 years industry experience and 10 years working together


Attractive track record since 2005; adding alpha versus industry benchmarks

1 Source: Deutsche Asset & Wealth Management as of 12/31/2012.
Fund Derivatives & Financing

Deutsche Asset & Wealth Management's fund derivatives & financing (FDF) franchise is a market leader in providing alternative investment solutions and fund-linked products.

  • We have compiled an award-winning1 track record in product innovation. We provide a variety of client-specific solutions covering the alternatives product spectrum.
  • Our approach, as the interface between the underlying product groups and the client groups, provides the structuring, trading and risk management functions across all asset classes.
  • Our trading functionality allows clients to benefit from a wide range of risk overlays such as principal protection, leverage and enhanced liquidity
  • Trading and market making join to facilitate clients’ secondary trading of hedge funds and distressed fund positions.
  • Our services reach institutional and retail clients globally, by providing solutions for a wide range of client requirements, such as risk transformation, tax, regulatory capital and retirement
Fund Derivatives & Financing | Deutsche Asset & Wealth Management
1 Source: Risk Awards Hedge Fund Derivatives House of the Year 2012-2009.
Retirement & Hybrid Solutions

Deutsche Asset & Wealth Management's retirement & hybrid solutions focus on diversification through rules-based strategies tailored to meet client goals - rather than simply achieving market exposure.

  • One of the leading European providers in structured retirement solutions with AuM of approximately EUR 12 billion
  • Our approach provides maximum transparency, allowing investors to understand how strategies and risk will evolve in changing markets
Unique platform backed by unmatched support and experience

TradeFinder technology has allowed Deutsche Bank to structure a best-selling range of guaranteed products with diverse features


Global team comprised of 82 front office professionals and 40 technology support personnel


Offerings for insurance companies, corporate pensions and asset managers