Dexion Capital (Guernsey) Ltd, the manager of exchange traded funds of hedge funds, has agreed a global distribution initiative with Deutsche Bank.

Gareth James, Global Head of Hedge Fund Derivatives at Deutsche Bank, said: "We strongly believe that the market for closed ended hedge fund investments is set to grow substantially, and are very pleased to have an opportunity to work with Dexion Capital whose best of breed products have made them the recognized industry leader. The closed ended product naturally brings together buyers and sellers in a liquid market, leaving hedge fund managers, who need increasing time to generate high quality alpha, free to manage money in the most efficient way."

Nick Browne, Director of Dexion Capital (Guernsey) said:  "We are excited with the opportunity to partner with Deutsche Bank who have a proven ability to distribute hedge fund products to a global investor base at a time when the benefits of the closed ended structure are of increasing appeal to investors in many parts of the world."