Buss Capital, a Germany-based investment manager, has chosen CACEIS to provide depositary services for its funds managed under the new KAGB regime.
Based in Hamburg, Buss Capital offers closed-end shipping container funds in Germany, having launched 29 mutual funds, four private placements and eight direct investments.
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Dirk Baldeweg, executive director of Buss Capital, said: "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."
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 a France-based depositary bank and fund administrator that provides depository/custody, fund administration and corporate trust services to corporate and institutional clients.
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