SEB today announced that German equity investment specialist, Tungsten Capital Management GmbH, launched a new UCITS III fund via SEB Master KAG.
SEB Master KAG is a one stop shop which facilitates the launch and marketing of German UCITS funds. It helps manage risks and fund administration, accounting and pricing as well as fund and tax reporting. Together with SEB Enskilda Prime Brokerage this offers investment managers a more efficient way to manage UCITS compliant funds.
Andreas Julin, SEB Enskilda, head of prime brokerage sales Germany, said: “We see a continued strong investor appetite for Alternative UCITS across Europe and Germany offers some of the most interesting opportunities. SEB Master KAG is an extension to our Alternative UCITS offering in Luxembourg.”
Bernd Schusta, SEB Master KAG: “Tungsten is one of the pioneers in Germany for absolute return strategies, and we have a long-standing history working together with Thungsten’s on-shore hedge funds. We are now looking forward to expanding our relationship further with a UCITS III fund.”
Florian Hach, portfolio manager Tungsten Capital Management GmbH, adds: “Our strategy fits perfectly with the UCITS III framework. The reason for choosing SEB´s German platform was a combination of our strong existing relationship, the integrated solution and SEB’s reputation as one of the major European prime brokers. We hope to benefit from the increased demand for Alternative UCITS strategies especially in Germany.”
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