Twenty First Capital has chosen CACEIS as the asset servicing partner for its first Luxembourg UCITS fund, the TFC TACTICAL Long/Short fund, launched on 22 May.
CACEIS will provide depository services, fund administration, transfer agency, and clearing services, as well as listed derivative and cash equity execution.
Joseph Saliba, deputy CEO in charge of business development at CACEIS, said: "CACEIS has developed derivative execution and clearing services, thereby enhancing its offering for fund managers working within the framework of the UCITS IV or [Alternative Investment Fund Manager Directive].”
At the end of 2014, Twenty First Capital had more than €600 million in the fixed-income equity and emerging markets.
Stanislas Bernard, CEO of Twenty First Capital, said: "We were looking for a first-rate service provider to support the launch and international distribution of our first Luxembourg UCITS investment vehicle. We were convinced by CACEIS's vast experience in European markets and its comprehensive range of services for investment funds."
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