CACEIS as depositary for CPR AM's first UCITS fund
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CACEIS as depositary for CPR AM's first UCITS fund 07 October 2014Paris Reporter: Catherine Van de Stouwe
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CACEIS has been chosen by CPR AM as the asset servicing partner for its first Luxembourg law UCITS fund, CPR Invest, for which two sub-funds that were launched in August 2014.
CACEIS will act as depositary and central administrator for the CPR Invest Sicav.
CPR Asset Management set up the CPR Invest SICAV with the aim of distributing it internationally. The first two sub-funds are feeders of the French law UCITS, ‘CPR Croissance Réactive’ and ‘CPR Silver Age’, for which record-keeping and administration is carried out by CACEIS.
Jean-François Griveaud, deputy CEO of CPR Asset Management, said: “The launch of our Luxembourg UCITS SICAV will allow us to speed up the distribution of our funds in Europe and then Asia.”
“This approach is part of our strategy to double the amount of international assets under management. CACEIS is our partner of choice with a strong presence in Europe, and has been working with us for a long time, supporting the development of our business.”
Joseph Saliba, deputy CEO in charge of business development at CACEIS, added: “CACEIS is delighted to offer its fund distribution servicing expertise to CPR Asset Management to facilitate international expansion plans and allow it to take advantage of opportunities created by regulations such as UCITS IV.”
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