2003 Media Releases

Deutsche Asset Management has secured a new mandate from one of Australia’s largest and most sophisticated institutional investors, Queensland Investment Corporation (QIC).

The A$256 million ($US150m) US quantitative equity mandate will be managed by Deutsche Asset Management’s quantitative equities team in New York and serviced by the Australian office, and is the first of its kind in the Asia Pacific region.

Deutsche’s Head of Institutional Sales and Client Services, Mr Ken Licence, says the extensive experience of the quantitative equities team coupled with a strong track record in achieving outperformance were key factors in QIC’s decision.

“This win illustrates how our global platform can effectively be a leverage point for us in Australia.”

For further information contact:

Ken Licence
Deutsche Asset Management
Phone: (02) 9249 9021

Ainsley Gee
Corporate Communications
Deutsche Asset Management
Phone: (02) 9249 9904