Deutsche Asset Management Forms US Institutional Fund Management Joint Venture With The RLJ Companies

Deutsche Asset Management (DeAM) is creating a joint venture with The RLJ Companies to provide investment products and services to public and private pension funds and other institutional investors in the US. Beginning with hedge fund of funds products, and

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Deutsche Asset Management (DeAM) is creating a joint venture with The RLJ Companies to provide investment products and services to public and private pension funds and other institutional investors in the US.

Beginning with hedge fund of funds products, and expanding later to traditional asset management products, DeAM will provide The RLJ companies with investment management services. It will also become a minority investor in the joint venture, which would be branded under The RLJ Companies name.

“A joint venture with The RLJ Companies would give DeAM a significant opportunity to provide its investment management services to a more diverse customer base,” says Kevin Parker, Head of Deutsche Asset Management and a member of Deutsche Bank’s Group Executive Committee.

RLJ is a holding company set up by Robert L. Johnson, the founder of Black Entertainment Television. The RLJ Companies have the goal of becoming the largest asset management company owned, controlled, and directed by African-Americans.

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