Deutsche Bank has hired Hawkpoint, the mid-market investment bank, to sell its troubled UK fund management division, Deutsche Asset Management.

Senior sources within Deutsche said Hawkpoint was currently sounding out interest in the market for the sale.

Hugh Wheelan

Deutsche Bank

Citigroup

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The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

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The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

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The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

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Hawkpoint hired to sell DeAM

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