Mon, Jul 25, 2016
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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New