CTA Millburn Announces Move to Daily Dealing for UCITS-Compliant Fund

Greenwich, CT (PRWEB) June 12, 2012

The DB Platinum IV dbX Millburn Multi-Markets Index Fund (the Fund), a UCITS-compliant version of the Millburn Ridgefield Corporation (Millburn) Multi-Markets trading program, has improved liquidity terms and now offers daily dealing.

The Fund, which recently marked its one-year anniversary, has attracted USD 108 million in assets since inception. It was originally launched with a weekly liquidity provision.

The Fund provides investors with access to Millburns Multi-Markets trading program (Multi-Markets), offered through a European-based, regulated format and modified only as necessary to comply with UCITS constraints and requirements.

Multi-Markets, upon which the Funds strategy is based, trades a diversified set of more than 120 markets and utilizes a variety of systematic trend-following and non-traditional trading approaches. These approaches consider many different data sources and types, and cover a wide array of time-frames. Holding periods for individual models range from short-term (intra-day) to long-term (several weeks or months). Multi-Markets has a track record of more than seven years and has historically demonstrated low correlation to stock, bond and hedge fund indices.*

Executive Vice President of Millburn, Barry A. Goodman, said: Millburn was one of the first major U.S.-based CTA managers to launch a UCITS product, and weve been pleased with the opportunity to provide a new segment of investors with access to what we believe is a very strong and differentiated productone that can be a solid choice as a first CTA investment or as a way to diversify current CTA portfolio holdings.

Now, with the move to daily liquidity, we think the UCITS offering should be even more attractive to end-investors looking for ways to diversify their existing portfolio risk and deal with continuing volatility in global equity markets.

Alex McKenna, director, head of db-X funds (the structured funds division of Deutsche Bank), commented: As one of the leading UCITS platforms for hedge fund products, we are pleased to introduce daily liquidity on the DB Platinum IV dbX Millburn Multi-Markets Index Fund. Increasing the frequency of liquidity is an example of how we are continuously working to support our platform partners and enhance our product offering for investors. As of the date of this release, db-X funds collective assets under management was more than USD 12 billion.

Of interest to UK investors, Deutsche Bank has also confirmed the Funds eligibility for UK Tax Reporting Status.

For further information, please call:

Craig Gilbert

Chief Marketing Officer

The Millburn Corporation

Tel: +1 212 332 2038

Email: cgilbert(at)millburncorp(dot)com


Millburn has a legacy of leadership and innovation in commodities, futures and foreign exchange markets that dates back to 1971. As of May 1, 2012, Millburn Ridgefield Corporation managed approximately USD 1.9 billion using alternative strategies with an emphasis on disciplined, systematic approaches and rigorous risk management. The Millburn Corporation, an affiliate of Millburn Ridgefield Corporation, provides significant research, trading and support services to Millburn Ridgefield Corporation. Millburn International LLC and Millburn International (Europe) LLP, additional affiliates of Millburn Ridgefield Corporation, provide marketing services to Millburn Ridgefield Corporation. Collectively, Millburn and its affiliated entities have more than 70 employees located in offices in Greenwich, New York, Chicago, London and Tokyo. Millburn International (Europe) LLP is an Appointed Representative of Hutchinson Lilley Investments Limited, which is authorized and regulated by the UK Financial Services Authority.

The term Millburn is used herein to describe the collective activities of Millburn Ridgefield Corporation and its affiliated entities. Millburn Ridgefield Corporation is based in Greenwich, Connecticut. Affiliated entity The Millburn Corporation is based in New York, Millburn International (Europe) LLP is based in London and Millburn International, LLC has a branch office in Tokyo.



Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.


Correlations of the Multi-Markets program to stocks, bonds and hedge funds were measured from the Multi-Markets programs inception in October 2004 to end April 2012, utilizing the S&P 500 Index (correlation of -0.05 to the Multi-Markets program), the MSCI World Index (correlation of 0.01) and the Citi World Government Bond Index (correlation 0.06). Correlations to hedge funds were measured utilizing the HFRI Fund Weighted Composite Index (correlation of 0.22). Past performance is not necessarily indicative of future results.

The Millburn Multi-Markets trading programs track record is being mentioned here to illustrate Millburns long-term track record and skill in managing investment strategies. The Fund does not provide direct exposure to the Millburn Multi-Markets trading program. There may be significant differences between the Millburn Multi-Markets trading program and the Fund. The information relating to the Millburn Multi-Markets trading programs track record should not be used as a direct comparison to the Fund. Please note that no representation is being made that the Fund is likely to achieve results in the future similar to the Millburns Multi-Markets trading program track record referenced above.

Deutsche Bank Disclaimer: This material has not been prepared by Deutsche Bank and it takes no responsibility for the content. This press release is for information purposes only and does not constitute an offer or a recommendation to enter into any transaction. Investments in funds involve numerous risks including, among others, general market risks, credit risks, foreign exchange risks, interest rate risks and liquidity risks. The value of an investment in a Deutsche Bank fund may go down as well as up and investors may not get back their original investment. Please refer to the relevant funds full prospectus and, where available, the latest version of the Key Investor Information Document for more information on Deutsche Bank funds. These documents are available free of charge from Deutsche Bank, London Branch. Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin Federal Financial Supervising Authority) and is regulated by the Financial Services Authority for the conduct of investment business in the United Kingdom. The registered address of Deutsche Bank AG, London Branch, is Winchester House, 1 Great Winchester Street, London EC2N 2DB.

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