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Komfie Manalo, Opalesque Asia:

An increasing number of Asian fund managers are now realizing that alternative UCITS are a compelling proposition and are planning to launch more UCITS funds, said John Lowry, founder of platform provider ML Capital during the inaugural Opalesque Ireland Roundtable.

"We are launching two Asian funds as alternative UCITS," Lowry said and added, "There are actually very, very few Asian products today. Most of the Asian managers have held off, but now they have seen the alternative UCITS as the best way to go, at least for straightforward and liquid strategies."

He added that ML Capital is addressing the company’s thrust to gain its foothold in the Asian alternative marketplace beginning with the launch of the two UCITS funds and hiring experienced teams with very solid track records based in the region.

Lowry explained, "We do think that there is a lot of opportunity, alongside some clear risks in Asia, and therefore you need to have the right hands managing those investments. We think that managed futures and global macro are particularly interesting strategies right now."

He said that in the past, Asian managers might have only really looked to Luxembourg, however this is now changing. Lowry also gives the Irish Funds Association a lot of credit for promoting the case for launching ......................

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