SEB, one of Scandinavia’s leading financial institutions, has welcomed German equity specialist, Frankfurt-based
SEB, one of Scandinavia’s leading financial institutions, has welcomed German equity specialist, Frankfurt-based Tungsten Capital, onto its dedicated German UCITS platform – SEB Master KAG – reported Citywire Global this week. Together with SEB Enskilda Prime Brokerage, the platform offers a one-stop shop solution for hedge fund managers wanting to launch UCITS funds in Germany, providing everything from fund administration, legal support through to risk management. Tungsten’s equity l/s absolute return fund invests in US equities with a contrarian profile and has established a 10-year track record. Andreas Julin, SEB Enskilda’s head of prime brokerage, said that SEB Master KAG was an extension “to our alternative UCITS offering in Luxembourg”, adding that Germany offered some of the “most interesting opportunities” for alternative UCITS. “Tungsten is one of the pioneers in Germany for absolute return strategies, and we have a long-standing history working together with Tungsten’s onshore hedge funds,” confirmed Bernd Schusta (pictured) of SEB Master KAG.
