Deutsche Bank today was awarded a fund services mandate from TIG Advisors, an investment management firm with approximately USD 2 billion in assets under management that invests in event driven, distressed securities, and securitized assets.
Deutsche Bank Alternative Fund Services was selected to provide fund accounting, investor services, and regulatory reporting for their securitized asset product, which currently has approximately USD 460 million of assets under management.
“We required an experienced administrator with a highly customizable and flexible platform. Deutsche Bank provided a variety of pricing sources for our portfolio and efficient delivery of reporting to investors through a fully-automated model,” said Barbara Warga Naratil, Chief Operating Officer at TIG Advisors.
“We are delighted to have partnered with TIG Advisors,” said Tim Fitzgerald, Global Head of Alternative Fund Services, Global Transaction Banking at Deutsche Bank. “TIG will benefit from our depth of expertise in the securitized asset space, our tailored reporting, as well as the capabilities of the entire Deutsche Bank franchise.”
With over USD 200 billion in assets under administration, Fund Services offers administrative, custodial and banking services to hedge funds, private equity-real estate funds, fund of funds, ETFs, UCITS, and other alternative investment vehicles, from start-up through growth to maturity. Fund Services is part of Deutsche Bank’s Trust & Securities Services business, which has coverage in over 30 countries, more than 6,000 clients, and over USD 9 trillion in securities administered.