CACEIS acts as centralising agent for Seven Capital
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CACEIS acts as centralising agent for Seven Capital 25 November 2014Luxembourg Reporter: Becky Butcher
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Seven Capital Management has selected CACEIS as centralising agent for its Seven Lux SICAV SIF within the framework of the BlackSnake sub-fund being admitted to Euroclear France.
The firm is the first alternative investment management company in France to receive Alternative Investment Fund Managers Directive approval.
Since August 2013, Seven Capital has managed its alternative investment funds within the EU and distributed them in the various member states using the marketing passport process.
The BlackSnake sub-fund is one of the first alternative investment fund SIFs to be admitted to Euroclear France.
As centralising agent, CACEIS will be responsible for handling investment inflows from the French market and for the settlement of subscription and redemption orders on Euroclear France on behalf of the SICAV SIF.
Johann Schwimann, CEO of Seven Capital commented: “BlackSnake’s admission to Euroclear France is a key step in distributing the Seven Lux SICAV SIF. CACEIS supported the launch of BlackSnake as depository, fund administrator and transfer agent in Luxembourg.”
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