Deutsche Bank and Omega Advisors are to launch a UCITS compliant DB Platinum Omega fund on Deutsche Bank’s UCITS platform in December 2011. The fund will be managed by hedge fund veteran Leon Cooperman (pictured), Chairman and CEO of Omega.

Cooperman runs Omega Overseas Partners, Ltd, a fund with a long-biased equity long/short strategy investing mainly in US mid- and large-caps.

Tarun Nagpal, Deutsche Bank’s European Head of Fund Derivatives, says: “Partnering with hedge fund veteran Leon Cooperman represents another key milestone for Deutsche Bank and is testament to our investors that dbalternatives will strive to provide access to the world’s leading hedge fund managers in UCITS. We are confident that Leon’s expertise and longstanding success will make the planned fund attractive to investors.” 



Cooperman, Chairman and CEO of Omega, says: “We are excited to partner with Deutsche Bank, one of the largest and most reputable global banks, in this new venture.”



With more than USD12 billion in assets across managed accounts, UCITS and ETF products, dbalternatives is recognised as the market leading investment platform, giving access to some of the world’s premier hedge funds.