Take Deutscher Investment Trust (DIT), the e46 billion fund management arm of the Allianz Group, for example. It has been an active user of derivatives overlay strategies for 10 years, and is one of the most sophisticated buy-side users of derivatives in Europe. DIT
If you thought institutional investors and fund managers were remorseless in their desire to shave the last basis point of trading cost, think again. Some of the largest are keen to reward derivatives dealers for their ideas as well.