Thu, Jan 29, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Para Advisors to launch UCITS III event-driven multi-strategy hedge fund on MontLake UCITS Platform

Tuesday, May 17, 2011
Opalesque Industry Update - ML Capital has today announced that Para Advisors LLC, a New York based event driven fund manager with a current AUM of $350 million, will shortly launch the Para International UCITS Fund on the MontLake UCITS Platform. The UCITS fund will be managed in the same investment style as Para’s flagship U.S. offering, an event driven multi-strategy fund that has an annualized compounded net return of 11.5% since its founding in 1991.

John Lowry, Chairman of ML Capital said “We are delighted that Para Advisors has chosen to partner with ML Capital to launch their UCITS Fund. The UCITS space is still vastly underserved by the leading US hedge fund managers and the launch of the Para International UCITS fund is another illustration of ML Capital’s commitment to bring experienced and talented fund managers with proven track records to the rapidly expanding UCITS investor base.”

Ned Sadaka, President of Para Advisors LLC said “Para is very excited about the upcoming launch of our UCITS fund on the MontLake platform. We believe our longstanding focus on the more liquid event driven situations, both in the equity and distressed debt components of our event driven strategy, make Para particularly suitable to deliver a full and robust event-driven portfolio to investors within the UCITS format.”

UCITS are liquid, transparent and easy to access, and therefore provide an ideal asset allocation tool for investors. The Para International UCITS Fund is targeted to launch on the 1st of July 2011, subject to regulatory approval.

(press release)

About Para Advisors LLC
Para Advisors LLC is a U.S. alternative investment manager whose mission is to extract absolute returns through event driven investments, namely, catalyst-focused investing. Ned Sadaka, Para Advisors’ President founded the firm’s flagship U.S. fund in 1991.

Para Advisors seeks to invest opportunistically in distressed securities, relative value trades, capital structure arbitrage, merger arbitrage, and other special situations consisting of restructurings, recapitalizations, spin-offs, asset sales, as well as long-term valuation plays. Para Advisors’ six-person investment team facilitates research and identification of investments in a broad range of extraordinary corporate events. Para Advisors seeks attractive risk-adjusted returns by pursuing a diversified, risk-controlled, multi-strategy investment approach.

About ML Capital Asset Management
Incorporated in Malta and regulated by the Malta Financial Services Authority, ML Capital is an independent and privately-owned financial services group specialising in advising on and delivering alternative investment solutions and strategies for the investment industry. ML Capital provides a truly global service for its clients from its headquarters in Malta and operations centres in London, Geneva and Dublin.

ML Capital prides itself on delivering exceptional client service premised on a detailed understanding of the needs of its clients matched with a proven track record in providing sound investment advice. Our senior partners have a combined experience of over 70 years in the investment-management industry in key areas incorporating manager due diligence, portfolio management, operations and risk management.

About The MontLake UCITS Platform
The MontLake UCITS Platform, domiciled in Ireland and regulated by the Central Bank of Ireland provides investment managers with a turnkey solution for launching a UCITS fund under its umbrella structure. Typical time to market is 10 weeks, or less, with the platform offering immediate access to a wide range of investors through ML Capital’s extensive distribution network.

Funds placed on the platform by ML Capital will benefit from top-tier service providers including Citi for custody, administration and trustee services, KPMG for audit, and Bridge Consulting for oversight and directorships. ML Capital has also ensured that managers utilising the MontLake UCITS Platform will have unfettered access to a network of the leading prime brokerage firms.

For more information on ML Capital please visit the website www.mlcapital.com or the platform website www.montlakeucits.com.

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalauMor Management in New York

  4. …And Finally - Prison restaurant is the best in Cardiff[more]

    From Orange.co.uk: A restaurant at a prison staffed entirely by inmates has been ranked as the best in Cardiff by diners. The Clink Restaurant at HMP Cardiff - which is open to the public - has been ranked number one on TripAdvisor out of 946 eateries in the Welsh capital. Diners who pos

  5. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report