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ML Capital to launch Global Macro UCITS fund and Systematic Emerging Market UCITS fund on the MontLake Platform

Thursday, February 02, 2012
Opalesque Industry Update - ML Capital has announced that it will be launching two new funds this quarter, the Goldwinds Global Macro UCITS Fund and the RP Systematic Emerging Market UCITS Fund. As one of fastest growing UCITS platforms in the Alternative UCITS Industry, the new launches will further enhance investor choice and bring greater diversification to the growing UCITS market. The Goldwinds Global Macro Fund will commence trading on February 13th, 2012 and the RP Systematic Emerging Market UCITS Fund, which is still subject to regulatory approval, is on target to launch on 1st March, 2012. The two launches will bring the MontLake UCITS platform AUM to over $100 million.

The first fund will be managed by Goldwinds Asset Management Ltd., which is headed up by Giovanni Pennetta, formerly of Merrill Lynch and UBS. Giovanni Pennetta and Camilla West, formerly a Director of Unifortune Investment Management, will co-manage the portfolio. The Goldwinds Global Macro UCITS Fund will deploy a discretionary global macro strategy. The team uses a top-down macro approach to identify global themes and generates investment ideas using a systematic proprietary model. These ideas are then rigorously researched before the best are implemented into the portfolio. Since inception in 2007 the strategy has annualized 16.65% per annum.

The second fund will be managed by RP Capital UK Ltd., with Apostolos Avlonitis and Constantinos Giachalis responsible for managing the day to day portfolio. Avlonitis & Giachalis have been managing the strategy since 2006 at RP Capital. The RP Systematic Emerging Market UCITS Fund will utilise macro systematic models focusing on the EMEA region. The fund will offer exposure to the Emerging markets but with limited volatility and drawdown. Since inception in 2006 the strategy has annualized net returns of 8.7% per annum.

Cyril Delamare, CEO of ML Capital, said “The two new launches demonstrate ML Capital’s continued commitment to deliver products that investors are demanding today. We have seen through our latest Barometer results that Global Macro strategies have steadily risen in popularity. The launch of the Goldwinds Global Macro UCITS Fund and the RP Systematic Emerging Markets UCITS Fund are in direct response to this trend. We are extremely excited to welcome Goldwinds and RP to the MontLake UCITS platform, which bring experienced fund managers with strong track records to the alternative UCITS market.”

Giovanni Pennetta, CEO & CIO of Goldwinds Asset Management, said “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.”

Apostolos Avlonitis, Portfolio Manager of RP Capital Group, said “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.”

The MontLake UCITS Platform has been carefully constructed around a strong infrastructural offering combined with an in-depth marketing and distribution strategy which is largely missing in the marketplace today. With the launch of a further two funds, the platform is on-track to become one of the most diversified in the industry.

(press release)

Goldwinds Asset Management was founded in 2007 by Giovanni Pennetta. Goldwinds was started in response to client requests for independence from large financial institutions, allowing far more flexibility and adaptability to a new world order. Goldwinds acts as a financial adviser and money manager which sits on the same side of the table as its investors. Our portfolio construction is based on what we believe is right at that time and is not governed by general industry benchmarks. Goldwinds have run their global macro strategy for the last 4.5 years, and have developed and refined the strategy over time with consistent results. The investment strategy is based on identifying global imbalances and themes across asset classes. Goldwinds then uses a proprietary asset allocation model to allocate across themes to produce a diversified portfolio spread across asset classes, countries and investment instruments.

RP Capital Group was founded in 2004 by Rafael Berber, formerly Global Head of Equity Trading and Equity Linked Products at Merrill Lynch. The RP Explorer Fund was launched in September 2004 with an EEMEA focus (Eastern Europe, Middle East & Africa), investing in both liquid and private investments.. The RP Systematic Emerging Markets strategy has been traded with varying risk allocated to it, since April 2006, as part of the various liquids funds in the RP Capital Group.

Today there are roughly 25 people working within the firm. RP Capital’s systematic model will use a systematic quantitative approach which avoids a manager’s subjective opinions and emotions. A systematic model can take advantage of the many inefficiencies in Emerging Markets created by inconsistent market participants, lack of arbitrage funds, and slow absorption of market data.

ML Capital is an independent and privately owned financial services group at the forefront of bringing high quality alternative investments to the mainstream. Utilising our collective industry experience and expansive network of contacts, we are dedicated to locating the very best boutique fund managers and working with them to introduce their skills to the rapidly growing market for quality onshore regulated investment products.

ML Capital has launched the MontLake UCITS Platform, which has become the fastest growing UCITS platform in the market which delivers a range of specialist boutique alternative managers to institutional and retail investors.

ML Capital also creates and sponsors a range of non-UCITS regulated European investment funds such as the QIF and PIF, for investment managers and advisors whose strategy do not fit the UCITS framework.

Our senior partners have many years of hedge fund experience in key areas incorporating manager due diligence, portfolio management, operations, risk management and distribution. Through our diverse backgrounds, extensive experience and industry knowledge, our professionals have a proven track record in delivering investment products and solutions which perform to the highest standards.

ML Capital is headquartered within the European Union in Malta and has offices in London and Geneva.

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 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.

Past coverage:
22.11.2011 - Opalesque Exclusive: ML Capital inks distribution agreement for its UCITS platform MontLake Source


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