Fund Management
ML Capital To Launch Two UCITS Funds On MontLake Platform
Malta-headquartered ML Capital has announced details regarding the launch of the Goldwinds Global Macro Fund and the RP Systematic Emerging Market Fund on the MontLake UCITS platform, boosting the platform's assets under management to over $100 million.
The Goldwinds Global Macro UCITS Fund opens on 13 February, while the RP Systematic Emerging Market UCITS Fund - which is still subject to regulatory approval - is set to launch on 1 March.
The Goldwinds Global Macro UCITS Fund will be managed by Goldwinds Asset Management, which is headed by chief executive and chief investment officer, Giovanni Pennetta, formerly of Merrill Lynch and UBS.
Pennetta, along with Camilla West, who was previously a director of Unifortune Investment Management, will co-manage the portfolio, the firm said.
The fund will use a discretionary global macro strategy, consisting of a top-down macro approach so as to identify global themes and generate investment ideas. The strategy has annualised a 16.65 per cent return per annum since its inception in 2007.
Meanwhile, the RP Systematic Emerging Market UCITS Fund will be managed by RP Capital UK, under the supervision of Apostolos Avlonitis and Constantinos Giachalis, who have been managing the strategy since 2006 at RP Capital.
The fund will refer to macro systematic models focusing on Europe, the Middle East and Africa regions, offering exposure to emerging markets with “limited volatility and drawdown,” the firm said. Since its inception in 2006 the strategy has annualised net returns of 8.7 per cent yearly.
“We have seen through our latest barometer results that global macro strategies have steadily risen in popularity,” said Cyril Delamare, CEO of ML Capital.
“We are very excited to offer this unique product to UCITS investors in the MontLake platform. We believe it will be of particular interest to emerging market investors who want to capture the upside of this high-growth region with a low volatility and low correlation strategy, as well as to macro-systematic investors who want to diversify their portfolio,” added Avlonitis, portfolio manager at RP Capital.
