DB could expand Aggregator strategy "into outright distressed"

Illiquid hedge funds vehicle continues to find opportunities

Magnus Lorrain-Smith, Deutsche Asset & Wealth Management

The Aggregator, which won Deutsche Asset & Wealth Management an award for ‘Most Innovative FoHF' at the Hedge Funds Review 13th European Fund of Hedge Funds Awards 2014, found its origins as the 2008 financial crisis unfolded. Magnus Lorrain-Smith, managing director and head of hedge fund secondaries, explains that his background as a trader prompted the creation of the vehicle as a serious illiquidity problem hit the hedge fund industry as the crisis unfolded, with an estimated 10% of assets lo