Opalesque Industry Update - Merchant Capital Limited, the financial services division of Merchant
House Group plc, is set to launch five new funds on its Dublin-domiciled,
UCITS III umbrella structure. Five investment managers from around the
world, all specialising in alternative investing, have chosen the Merchant
Funds’ platform to launch their first UCITS III-compliant funds.|
The new funds, which are due to launch before 1st September 2011, will each have between $25m to $100m of assets under management. The funds will cover a variety of strategies from a US-based Exchange Traded Fund to a Russian Equity Long/Short fund.
The Merchant Funds’ UCITS platform is one of the largest global independent platforms providing investment managers with a seamless and cost-effective vehicle for running their own UCITS III funds, coupled with building a suitable distribution programme. Merchant Capital is also one of the few platforms that employs a pre-trade compliance system due to heightened concerns about funds’ abilities to operate within the UCITS rules.
Merchant Capital Limited, Director of Asset Management, George Cadbury,
said: “These new launches reflect the growing popularity of UCITS III
compliant products by global investment managers. However, setting up a
UCITS III product independently can be an expensive and labour-intensive
endeavour and we are seeing more and more interest in our platform
solution owing to our reduced costs and quicker time-to-market.”Corporate website: Source