- 3 min
Buss Capital selects CACEIS as depositary for its closed-end container funds
German investment manager, Buss Capital GmbH & Co. KG, has selected CACEIS to provide depositary services for its funds managed under the new KAGB regime. Based in Hamburg, Buss Capital is the market leader for closed-end shipping container funds in Germany, having launched 29 mutual funds, four private placements and eight direct investments.
"Our aim was to select an experienced depositary services provider to enable us to meet the KAGB regime’s obligations while focusing ourselves on asset management. We have found what we require in CACEIS," said Dr. Dirk Baldeweg, Executive Director of Buss Capital.
Dr. Holger Sepp, Co-Head and board member of CACEIS in Germany, said "As an AIFMD-compliant depositary, CACEIS serves a very broad range of asset classes. We are therefore delighted to handle the specific depositary requirements of Buss Capital’s container funds as well as other assets, and look forward to strengthening our working relationship further in the future."
CACEIS is the asset servicing banking group dedicated to institutional and corporate clients. Through offices across Europe, North America and Asia, CACEIS offers a broad range of services covering depositary and custody, fund administration, middle-office outsourcing, derivatives clearing, forex, securities lending, fund distribution support and issuer services. With assets under custody of €2.5 trillion and assets under administration of €1.3 trillion, CACEIS is one of the world market leaders in asset servicing and the largest depositary bank and the premier fund administrator in Europe (figures to 31 December 2012).