CACEIS wins Twenty First Capital mandate
Twenty First Capital has chosen CACEIS as asset servicing partner for its first Luxembourg Ucits fund, TFC Tactical Long/Short Fund, launched on May 22.
CACEIS will provide the fund with depositary services, fund administration, transfer agency as well as listed derivative and cash equity execution and clearing services.
"We were convinced by CACEIS's vast experience in European markets and its comprehensive range of services for investment funds," said Stanislas Bernard, CEO of Twenty First Capital.
Twenty First Capital was founded three years ago, it now has assets under management of over €600m at the end of 2014 in the fixed-income, equity and emerging markets. The new fund expands its alternatives offering and is led by by Gonzague Del Sarte.
"CACEIS has developed derivative execution and clearing services, thereby enhancing its offering for fund managers working within the framework of the Ucits IV or the AIFM directives," said Joseph Saliba, deputy CEO in charge of business development at CACEIS.
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