SEB supports new UCITS fund from SAM 02 December 2010London Reporter: Ben Wilkie
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European equities specialist SAM Capital is to launch a new UCITS fund via SEB Prime Solutions.
The new fund will be a UCITS version of its existing Equity Opportunity Fund.
SEB Prime Solutions started in September as an umbrella SICAV platform for UCITS funds. The firm says it offers full services for risk management, administration and legal structure for such funds.
Dietmar Schmitt, SAM Capital founder and CIO said: "We have thought about launching a UCITS fund for some time now since our trading strategy sits very comfortably within the UCITS rules. We selected SEB’s platform on the basis of our strong, established relationship with them, their strength of reputation with European investors and their ability to enable us to reduce operational costs when replicating our SAM Capital Equity Opportunities Fund within UCITS
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