Scudder Investments, the US asset management firm owned by Deutsche Asset Management, expects to pay $134m (€111m) to settle market timing allegations with US regulators.

DeAM said in a statement that it has been cooperating with the SEC, New York Attorney General Eliot Spitzer, the New York Stock Exchange and the Illinois Secretary of State investigating mutual fund market timing. DeAM expects to reach settlements with regulators in early 2006 that would resolve the investigation.