Mobiliar Asset Management picks CACEIS to run new fund
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Mobiliar Asset Management picks CACEIS to run new fund 01 March 2013Zurich Reporter: Jenna Jones
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Mobiliar Asset Management, the asset management division of Mobiliar Group has chosen CACEIS SA to administer its new Swiss-law real estate fund, MobiFonds Swiss Property.
MobiFonds Swiss Property will invest in the development of a high quality Swiss real estate portfolio and is open exclusively to subscriptions from institutional investors. The fund will launch on 15 March.
Stefan Mächler, managing director of Swiss Mobiliar Asset Management and chief investment officer of the Mobiliar Group , said: “We made a thorough assessment of the business proposal received from CACEIS (Switzerland) SA for our new MobiFonds Swiss Property fund and decided to award the administration mandate to CACEIS on the quality if the service offer and the firm’s experience in administering Swiss real estate investments. We believe this is the right decision for Mobiliar Asset Management as well as our investors.”
Philippe Bens, managing director of CACEIS (Switzerland) SA, said: “We believe that our broad service range, robust technology and experienced staff are key to winning mandates and maintaining our position as the leading administrator of real estate funds on the Swiss market. We look forward to strengthening our partnership with Swiss Mobiliar Asset Management over the coming years.”
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