SEB sells SEB Master KAG to Universal-Investment

SEB decided to sell its subsidiary SEB Master KAG to Universal-Investment as of Dec 31, 2011. SEB has had business ties with Universal-Investment for many years. SEB now offers Master KAG services for hedge funds and UCITS funds through its cooperation partner Universal-Investment. The service offering comprises risk controlling, fund administration, fund accounting, fund pricing and fund reporting as well as tax reporting in conformity with German tax laws. In addition, SEB offers the custodian bank function and acts as prime broker.
By choosing SEB, SEB Master KAG and Universal-Investment as service providers, hedge fund managers can save the time consuming task of establishing their own investment company (KAG) as well as the search for a suitable custodian bank and professional prime broker and concentrate on fund management.

Verkauf der SEB Master KAG an Universal-Investment

Die SEB hat sich entschieden, die Tochtergesellschaft SEB Master KAG mit Wirkung zum 31.12.2011 zu verkaufen. Erwerber ist die Universal-Investment GmbH, die bereits seit mehreren Jahren die Fondsadministration für sämtliche Sondervermögen der SEB Master KAG durchführt.
SEB und Universal-Investment bleiben im Rahmen einer Kooperationsvereinbarung auf den Feldern Depotbank, Prime Brokerage und Brokerage/Gegenpartei weiterhin verbunden.