Germany’s SEB UCITS III Platform Adds Tungsten Long/Short Fund

Apr 13 2011 | 9:48am ET

European prime broker SEB has added a new fund to its German UCITS platform from Tungsten Capital Management, a German equity specialist.

The Tungsten long/short strategy is an absolute return strategy with a 10-year track record investing in U.S. equities. The strategy is systematic long/short with a contrarian profile investing only in the most liquid instruments listed on the major U.S. exchanges.
It will be offered on the SEB Master KAG, which, together with SEB Enskilda Prime Brokerage, provides a one-stop shop for German UCITS funds, assisting with risk management, fund administration, pricing and fund and tax reporting.

Andreas Julin, SEB Enskilda’s 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.” 
Added Bernd Schusta, of 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 Tungsten’s onshore hedge funds. We are now looking forward to expanding our relationship further with a UCITS III fund.”

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…