Universal-Investment Adds SEB UCITS Platform

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."

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…