DB Advisors Creates £2.8B Cash Fund

DB Advisors has combined its two funds to establish a £2.8 billion cash fund.

DB Advisors has combined its two funds to establish a £2.8 billion cash fund, Pensions & Investments reports. The Henderson Liquid Assets fund has been merged into its Deutsche Managed Sterling fund. Deutsche Bank’s global institutional asset management business, DB Advisors, has around £80 billion in assets under management, adds Fund Strategy. It was appointed as a subadviser by Henderson Global Investors last year.

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