Thursday, 21 August 2014
Last updated 10 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."
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note