02/02/2012 Author: David Beattie (London)

ML Capital set for two Q1 Ucits fund launches on Montlake platform

 Malta-headquartered ML Capital plans to launch two new funds this quarter on its Ireland-domiciled Montlake Ucits platform, it said in a statement Thursday.

The Goldwinds Global Macro Fund is set to begin trading on 13 February, while the RP Systematic Emerging Market Ucits Fund – which remains subject to regulatory approval – is on target to launch on 1 March. The two launches will see the platform’s AuM exceed $100m, detailed the statement.

ML Capital CEO Cyril Delamare said the popularity of global macro strategies has steadily risen and that the two launches come in direct response to the trend.

The first fund will be managed by Goldwinds Asset Management, headed by Giovanni Pennetta, and will deploy a discretionary global macro strategy.

The second will be managed by RP Capital UK, with Apostolos Avlonitis and Constantinos Giachalis responsible for managing the day-to-day portfolio, and will use macro systematic models focused on the Emea region.

Goldwinds Asset Management CEO and CIO commented: “To launch our flagship strategy into the Ucits space is a milestone for Goldwinds Asset Management; our discipline and unique proprietary model have delivered consistent returns over the last four years and we believe that the current market environment is the perfect time to open the strategy to new investors.”