SEB platform hosts Fusion Asset Management currency UCITS fund

LONDON, 16 December 2010 – SEB Enskilda today announced that Fusion Asset Management, the London-based investment manager, launches a new UCITS fund via SEB Prime Solutions. This is the third launch on SEB’s UCITS platform since its inception three months ago.

The SEB Prime Solutions-Fusion LIBOR+ 800 Currency UCITS Fund is a cash management-style product, targeting returns of 800 basis points over LIBOR. It is a carry strategy with daily liquidity, trading spot G10 currencies only. Fusion has been running the underlying strategy for two years in its Cayman fund and on a managed account basis. 

Kirill Ilinski, Founder and Chief Investment Officer at Fusion Asset Management, says: “This fund will certainly be a valuable addition to the UCITS investment space. Fusion is offering institutional and retail investors the opportunity to invest their cash balances through our LIBOR+ 800 strategy, targeting returns of eight percent over LIBOR and offering daily liquidity. The underlying strategy has a two-year track record and was a top performer amongst its peers in 2009. We selected the SEB platform because of the bank’s strong reputation across Europe, and the service and value they have provided to us as we replicated our LIBOR+ product within UCITS.” 

Peter Herrlin, Prime Brokerage Sales at SEB, comments: “We are very pleased that Fusion chose our platform to launch their UCITS fund. We believe our one-stop-shop approach which enables faster and more cost effective fund launches, coupled with our extensive prime brokerage offering, will continue to attract high calibre funds.” 

SEB is a leading European Prime Broker with more than 30 years of hedge fund experience, offering execution, financing and securities lending capabilities. In addition, SEB offers access to sophisticated Northern European investors as well as SEB Prime Solutions. The platform was launched in September 2010 as an umbrella SICAV (Société d'investissement à capital variable) platform for alternative investment managers' UCITS funds. It offers a range of risk management and administration services as well as the legal structure to facilitate the launch and marketing of these funds.

SEB
SEB is a Nordic based financial services group and a leading European Prime Broker with more than 30 years of hedge fund experience, offering execution, financing and securities lending capabilities. In addition, SEB offers access to a sophisticated Northern European investor base as well as SEB Prime Solutions. The international nature of SEB's business is reflected in its presence in 20 countries worldwide. On 30 September 2010, the Group's total assets amounted to SEK 2,254bn while its assets under management totalled SEK 1,343bn. The Group has about 17,000 employees, excluding the German retail operations. Read more about SEB at www.sebgroup.com

Fusion Asset Management
Fusion Asset Management is an independent asset management firm based in London, authorised and regulated by the FSA. Fusion, established in 2004, offers a diverse range of investment products and advisory services. The firm focuses on protected absolute return strategies and hedging services, and specialises in systematic trading across the asset classes. More details about Fusion atwww.fusionam.com

This news produced by SEB contains general marketing information about its investment products. Although the content is based on sources judged to be reliable, SEB will not be liable for any omissions or inaccuracies, or for any loss whatsoever which arises from reliance on it. If investment research is referred to, you should if possible read the full report and the disclosures contained within it, or read the disclosures relating to specific companies found on www.seb.se/cgi-bin/pts3/mc1/mb/disclaimers. Information relating to taxes may become outdated and may not fit your individual circumstances. Investment products produce a return linked to risk. Their value may fall as well as rise, and historic returns are no guarantee of future returns; in some cases, losses can exceed the initial amount invested. Where either funds or you invest in securities denominated in a foreign currency, changes in exchange rates can impact the return. You alone are responsible for your investment decisions and you should always obtain detailed information before taking them. For more information please see inter alia the simplified prospectus for funds and information brochure for funds and for structured products, available at www.seb.se. If necessary you should seek advice tailored to your individual circumstances from your SEB advisor.