!css

Ellipsis Asset Management selects SGSS for Master-Feeder Services

Ellipsis Asset Management (Ellipsis AM) has retained Societe Generale Securities Services (SGSS) to provide master-feeder solutions to support the distribution of its French flagship funds in Europe.

 Since January 2016, Ellipsis AM has launched two new sub-funds within its UCITS compliant, Luxembourg-registered SICAV, Ellipsis Funds, to act as feeders to its French master funds:

  • European Convertible, a feeder sub-fund for the Ellipsis European Convertible Fund (a French-domiciled fund with EUR 670 million in assets under management*)
  • Top ECI, a feeder sub-fund for the Ellipsis Master Top ECI Fund (a French-domiciled fund with EUR 430 million in assets under management*)

 By offering two French flagship funds as master funds, Ellipsis AM provides access to its convertible management expertise in a Luxembourg format.

 Services provided by SGSS:

  • Fund administration services and all regulatory requirements (risk management, reporting…),
  • Custody and trustee services,
  • Transfer agency services.

 Geographic scope:

  • Pan-European

 Why SGSS:

  • A provider with a worldwide presence and global services offering,
  • Specific centres of expertise in France and Luxembourg,
  • An extensive network of local European paying and facilities agency services,
  • Proven capacity to provide cross border services to master/feeder structures.

 Within the UCITS framework, master/feeder structures allow investors to deposit capital in a “feeder” fund which then invests in a “master” fund managed by the same asset manager. The framework allows asset managers to pool assets and to mutualize the management of funds domiciled in different countries of the European Economic Area.

 Ellipsis AM

With a 12-year track record in fund management and EUR 1.9 billion in assets under management*, Ellipsis AM is part of Exane Group. It manages convertible bond funds, high yield and short term credit funds and diversified funds, adopting a research-driven approach via portfolios which reflect the firm’s bottom-up and top-down convictions. Ellipsis AM fund managers rely on the main sources of research in Europe and capitalise on the Exane Group’s 25 years of experience and acknowledged research in European equities, convertibles and credit to build a 360-degree overview.

 *Figures at end-December 2015

May
2017
QNB Suisse SA appoints SGSS in Ireland for its pioneer UCITS-compliant umbrella fund
QNB Suisse SA, a subsidiary of Qatar National Bank, has selected SGSS in Ireland to help establish and support QNB...
Fund Distribution Services
QNB Suisse SA, a subsidiary of Qatar National Bank, has selected SGSS in Ireland to help establish and support QNB Global Funds ICAV, its European UCITS-compliant umbrella fund.
en/newsroom/news/news/news/qnb-suisse-appoints-sgss-ireland-for-its-pioneer-ucits-compliant-umbrella-fund/
May
2017
French national pension fund for the self-employed appoints Societe Generale Securities Services for custody services
Following a public tender, CNAVPL*, the French national pension fund for self-employed professionals, representing a...
Apr
2017
SGSS innovates with Euronext to provide a new fund investment solution
SGSS is contributing to an innovative model, Euronext Fund Service, to facilitate investments in funds for domestic and...
Fund Administration and Asset Servicing
SGSS is contributing to an innovative model, Euronext Fund Service, to facilitate investments in funds for domestic and international investors.
en/newsroom/news/news/news/sgss-innovates-with-euronext-provide-new-fund-investment-solution/
Apr
2017
Fighting poverty and striving for women empowerment
Mar
2017
SGSS strengthens its coverage team across Southern Europe
SGSS has appointed Lucrezia Brucoli as Head of Coverage to support business development across Southern Europe.
Appointments
SGSS has appointed Lucrezia Brucoli as Head of Coverage to support business development across Southern Europe.
en/newsroom/news/news/news/sgss-strengthens-its-coverage-team-across-southern-europe/
Feb
2017
Quarterly Financial Information
2016: HEALTHY GROWTH IN GROUP NET INCOME
Results
2016: HEALTHY GROWTH IN GROUP NET INCOME
en/newsroom/news/news/news/quarterly-financial-information-2/
Jan
2017
SGSS in Italy launches Synapse, a new service to support fund distribution
Societe Generale Securities Services in Italy (SGSS S.p.A.) launches SYNAPSE, a new service to support fund distribution...
Jan
2017
SGSS strengthens its Coverage, Marketing and Solutions team
SGSS has appointed Matthew Davey as Managing Director and Head of Business Solutions to reinforce its service offering...
Appointments
SGSS has appointed Matthew Davey as Managing Director and Head of Business Solutions to reinforce its service offering for institutional investors, asset managers, financial intermediaries and corporates.
en/newsroom/news/news/news/sgss-strengthens-its-coverage-marketing-and-solutions-team/
Dec
2016
Altana Wealth Limited selects SGSS in Ireland for its UCITS fund structure
Altana Wealth Limited in the United Kingdom has appointed Societe Generale Securities Services (SGSS) in Ireland to...