Saturday, 28 November 2015
Last updated 5 hours ago
Feb 17 2012 | 3:19am ET
Germany's Universal-Investment has acquired UCITS III platform SEB Master KAG.
The deal gives the hedge fund firm an additional €110 million in assets and a platform with funds managed by the liked of Tungsten Capital Management and Volksbank Invest. The merger will take place over the course of this year.
"This acquisition will strengthen our position as the only complete provider of administration services in Germany," Universal's Bernd Vorbeck said.
"SEB has had business ties with Universal-Investment for many years," SEB Chairman Fredrik Boheman said. "SEB and Universal-Investment will continue to cooperate together in the sectors of custodian banks, prime brokerage and brokerage."
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…