The investment manager has teamed up with Montlake Capital for its UCITS fund launch.

Quality Capital Management, a UK-based macro investment manager, has launched the QCM AFP Fund on the MontLake UCITS platform.

The fund will offer daily liquidity and a special fee structure for early investors. QCM will charge no management fee, only an incentive fee of 20 per cent, for the lifetime of investments made in the first six months after launch, the firm said. 

Institutional and retail share classes will be offered in pounds, dollars, euros and the Swiss franc. Northern Trust will be the fund administrator, Societe Generale the prime broker and KPMG the fund auditor.

The fund will run the firm’s Alpha Financials Programme, which only trades financial futures. Investors will have access to 56 markets, covering stocks, bonds and currencies across North America, Europe, Far East and Australia. 

With a view to include long/short positions in all markets, the portfolio is adjusted daily to look for the most effective balance of risk and opportunity, targeting overall volatility of 15 per cent, the firm said. The investment is intended to carry a low correlation to traditional asset classes due to its active nature.

“QCM is delighted to have partnered with Montlake Capital in the newly launched AFP UCITS Fund,” said the chief executive and chief information officer of Quality Capital Management, Alef Karim.

“The AFP, offering the same underlying investment methodology as our flagship GDP, is a strong value-adding diversifier in any portfolio. Participating in major macro themes globally, it offers a unique return generating portfolio-allocation solution that is innovative, robust and free of clutter.”