Launches & Closures Wrappers / Structures

German equity firm Tungsten unveils UCITS with SEB

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German equity-focused hedge fund firm Tungsten Capital Management has launched a new UCITS III-compliant fund via SEB Master KAG, SEB’s one-stop-shop service for the launch and marketing of German UCITS offerings.

The fund mirrors Tungsten’s existing fund, a contrarian systematic absolute return fund focused on US equities that has been running for a decade.

“Our strategy fits perfectly with the UCITS III framework,” said Florian Hach, portfolio manager at Tungsten – adding that the firm chose SEB’s German platform based on the two firms’ existing relationship, the integrated nature of SEB’s solution and SEB’s reputation as a major