Sweden-based fund manager Carnegie Fonder has appointed Swiss firm Universal Investment as the management company (ManCo) for its Sicav portfolio.
The Luxembourg-domiciled Ucits fund range has over €1.1 billion in assets under management on an umbrella level.
Universal will act as the central administrator and transfer agent for the funds while Swedish bank SEB has been appointed as the custodian.
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The Carnegie Fonder portfolio has been migrated onto Universal’s EFA platform.
Luxembourg-based EFA was acquired by Universal in 2022 as part of the latter’s European expansion plans.
As well as giving Universal an expanded presence in Luxembourg, the EFA acquisition also boosted Universal’s Nordic footprint given that EFA opened a Swedish office in 2022.
“This mandate underlines our commitment to servicing Nordic asset managers, building upon the successful launch of our UI efa Stockholm office in 2023,” said Katja Mueller, chief customer officer of Universal Investment Group.
