SGSS to provide services for Ellipsis SICAVs
19 April 2016 Paris
Image: Shutterstock
Ellipsis Asset Management has extended its relationship with Societe Generale Securities Services (SGSS), mandating it to provide master-feeder solutions to support distribution of French funds in Europe.
SGSS will provide fund administration services and support Ellipsis in regulatory requirements such as risk management and reporting. The partnership also includes custody and trustee services and transfer agency.
Ellipsis has launched to new sub-funds since January, both within Ellipsis Funds, its UCITS-compliant, Luxembourg-based variable capital investment fund, or SICAV.
European Convertible is a new feeder sub-fund for what will now be the ‘master fund’, the Ellipsis European Convertible Fund, a fund domiciled in France, with assets under management of €670 million, as of 31 December 2015.
Top ECI is the feeder sub-fund for the Ellipsis Master Top ECI Fund, which is also based in France, and has €430 million in assets under management, as of the end of 2015.
By making the two French funds in to master funds, Ellipsis intends to provide better access to its management services in Luxembourg
According to SGGS, continuation of the mandate was based on its global service offering, expertise in Luxembourg and France, and its capacity for providing cross-border services to master-feeder structures.
SGSS will provide fund administration services and support Ellipsis in regulatory requirements such as risk management and reporting. The partnership also includes custody and trustee services and transfer agency.
Ellipsis has launched to new sub-funds since January, both within Ellipsis Funds, its UCITS-compliant, Luxembourg-based variable capital investment fund, or SICAV.
European Convertible is a new feeder sub-fund for what will now be the ‘master fund’, the Ellipsis European Convertible Fund, a fund domiciled in France, with assets under management of €670 million, as of 31 December 2015.
Top ECI is the feeder sub-fund for the Ellipsis Master Top ECI Fund, which is also based in France, and has €430 million in assets under management, as of the end of 2015.
By making the two French funds in to master funds, Ellipsis intends to provide better access to its management services in Luxembourg
According to SGGS, continuation of the mandate was based on its global service offering, expertise in Luxembourg and France, and its capacity for providing cross-border services to master-feeder structures.
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