Deutsche Bank has been appointed as an additional prime broker and custodian to the BlackRock Natural Resources hedge fund.
Through its London-based franchise, Deutsche Bank will provide settlement, financing and reporting services to the fund regarding the sale of securities entered into by the fund with third parties or Deutsche Bank, the listed fund announced to the London Stock Exchange yesterday. Financing purchases and sales includes both cash and securities advances to the fund.
BlackRock Natural Resources hedge funds securities will be held in one or more segregated securities accounts.
(JDC)