Alceda Extends Custody Mandate with Warburg to Luxembourg and Germany

Alceda, an alternative investment fund manager (AIFM), has appointed German bank M.M. Warburg Group as its preferred partner for fund administration and custody services for their funds in Germany and Luxembourg.
By Joe Parsons(2147488729)
Alceda, an alternative investment fund manager (AIFM), has appointed German bank M.M. Warburg Group as its preferred partner for fund administration and custody services for their funds in Germany and Luxembourg.

The mandate is an extension of the current partnership it has with Warburg, in which it already acts as the custodian for several of Alceda’s funds.

“This co-operation marks the next step in our strategic partnership with Warburg, who have extensive experience in the administration of all investment vehicles regulated under German and Luxembourg laws,” says Michael Sanders, chairman of the board of Alceda Fund Management.

Alceda is listed as an AIFM in Luxembourg and Germany, as well as a UCITS fund manager in Luxembourg. It markets a number of funds in the alternative space, including hedge funds and private equity funds.

Last year, it appointed BNY Mellon as its depositary bank for its alternative funds. The mandate saw BNY Mellon for the first time providing depositary and related services in Germany for closed alternative investment funds investing in property, agriculture, private equity and renewable energies.

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