MainFirst launches global equity fund for DB veteran

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MainFirst Asset Management is set to launch a global equity fund for former Deutsche Bank manager Frank Schwarz, Citywire Global can reveal.

Having joined the Frankfurt-based boutique in August last year, this will be the first fund launched for Schwarz at MainFirst.

The Luxembourg-domiciled, long-only global equity fund will be launched on March 1st, with €10 million in seed capital.

Benchmarked to the MSCI World index, the fund will have a bias towards growth rather than value, Citywire can reveal.

In his current role, Schwarz heads up the multi-asset team at MainFirst, a new area for the firm since it launched its debut bond fund in October last year.

Having begun his career at Deutsche Bank in 1992, by the time Schwarz left the group he was running €1.6 billion in assets.

During his tenure he served as a member of the asset allocation committee, responsible for the multi-asset strategies and equity at DB Advisors. He was also a member of the strategy team of European equities at DWS.