Investment bank Dresdner Kleinwort Wasserstein has plans to launch three new funds specifically targeted at the high-net worth crowd, reports the Bloomberg.

The Allianz unit plans to offer a U.S. fund, a European fund and a Japanese fund, all subadvised by an Allianz unit. The funds will be sold to banks that manage money for high-net worth clients and can be privately-labeled, according to Bloomberg.  

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