Launches & Closures

SEB launches Tungsten on German UCITS platform, plans more deals

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SEB is planning to launch further absolute return UCITS funds onto its German-domiciled platform following the launch this week of a UCITS version of a long-running long/short equity fund run by Tungsten Capital Management.

Frankfurt-based Tungsten is launching its new UCITS fund on to the SEB Master Kapitalanlagesellschaft or KAG. The KAG facilitates the launch and marketing of German-domiciled absolute return UCITS funds to domestic investors.
 
Other strategies that expected to go onto the platform include other long/short equity funds as well as managed futures and CTAs.

Frankfurt-based Bernd Schusta, managing director of SEB Master KAG, said: “We have a handful