Sat, Dec 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

SEB Enskilda launches new one stop shop solution for UCITS funds creation and services

Tuesday, September 14, 2010
Opalesque Industry Update - SEB Enskilda today announced the launch of SEB Prime Solutions, a one stop shop offering for alternative investment manager's UCITS funds (Undertakings for Collective Investment in Transferable Securities). Part of SEB's award winning Prime Brokerage concept, SEB Prime Solutions presents an integrated and holistic service facilitating the launch and marketing of these funds.

SEB Prime Solutions is an umbrella SICAV (Société d'investissement à capital variable) and Newcits platform, offering the necessary legal structure, risk management and administration services for a UCITS fund. In combination with SEB's Prime Brokerage solution and custody this offers investment manager a more efficient way to manage funds.

Two funds will be launched via SEB Prime Solutions and a further five are expected to be added by the end of 2010 with an anticipated size in excess of 100 million EUR.

"We have seen increased demand from our existing and new clients to launch UCITS funds over the last 18 months. This is driven both by investors' demand as well as the anticipated regulatory changes", said Atilla Olesen, head of Prime Brokerage Sales for SEB Enskilda in London.

Magnus Ward, head of Prime Brokerage in London, added that "SEB Enskilda is in a unique position since it can pull together all the necessary components to launch and run a UCITS fund. This enables an investment manager to focus on the most important thing – to create returns for the investors."

"In order to gain a competitive edge in a growing market, fund managers are looking for an innovative way to launch their funds. As the services offered are still largely fragmented, the ability to offer a range of services through one operator presents a business model which fully meets the requirements of managers", says Marilyn Ramplin, Founder of UCITS for Hedge Funds and CEO at Ramplin Capital, an adviser on risk, derivatives, safety of assets and Newcits structuring and distribution.

SEB Enskilda is a leading European Prime Broker with over 30 years of hedge fund experience. SEB's Luxembourg-based Fund Services division is the global distributor for SEB Prime Solutions and acts as a promoter to the fund. Its comprehensive distribution facilities enable fund managers to shorten the time to market, reduce costs as well as the complexity of the regulatory process and eliminate the need for minimum capital requirements. SEB’s Fund Services division was established in 2004 and has provided more than 50 live funds with UCITS services. Corporate website: http://www.sebgroup.com/

(press release)

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und