NEW YORK--(BUSINESS WIRE)--The Securities Arbitration Law Firm of Klayman & Toskes (“K&T”), www.nasd-law.com, announced today that it is investigating Deutsche Bank Securities, a part of Deutsche Bank AG (NYSE: DB), in connection with the sale of investments in the Glanmore Property Fund to the firm’s customers. Established in 1997, the Glanmore Property Fund is a specialist UK commercial property fund that provides both offshore and onshore private investors and pension funds with the opportunity to participate in the higher yielding sector of the UK commercial property market through a professionally managed, specialist investment vehicle. The Glanmore Property Fund was managed by Tilney Investment Management, which was acquired by Deutsche Bank in December 2006.
In 2009, the Fund held as many as 82 properties (including offices, warehouses, leisure and retail), located throughout the UK. It had also been promoted in the past as being a fund which “enables investors to spread their risk over a broad range of properties, the cost of which would normally be prohibitively expensive for a single private investor.” Unfortunately, however, today the Fund only holds 19 properties. Further, the value of the Fund has declined to about $3.46 or GBP 2.165 per share. In 2012, the Fund declined about 84% in value.
K&T is investigating whether Deutsche Bank Securities adequately disclosed the risks associated with the Glanmore Property Fund, as well as whether investors’ portfolios were over-concentrated in the Fund. The individual brokers and advisors who sold the Glanmore Property Fund are not the target of this investigation. Instead, K&T is looking into Deutsche Bank Securities’ conduct in connection with its marketing of the Fund to its customers.
K&T, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation on a national scale. If you have information relating to this investigation, please contact Steven D. Toskes or Jahan K. Manasseh of Klayman & Toskes, P.A., at 888-997-9956, or visit us on the web at www.nasd-law.com.