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Ironshield Credit Fund launches on the MontLake UCITS Platform ICAV

Friday, April 03, 2020
Opalesque Industry Update - Ironshield Capital Management LLP and MontLake jointly announced the launch of the Ironshield Credit Fund on the MontLake UCITS Platform.

The Ironshield Credit Fund seeks to achieve high absolute returns by selectively investing in event driven, stressed and distressed European high yield credits. The Fund has the flexibility to invest broadly across the capital structure in addition to across the credit rating spectrum, with the investment team leveraging their experience in credit markets and their proprietary analytical approach to drive alpha generation.

Credit selection is based on in-depth analysis and due diligence of a select group of corporates that the team typically tracks over a multi-year period. The portfolio invests in both long and short, liquid, single name credit positions, utilising actively traded bonds, credit default swaps, and other corporate securities. Ironshield is offering this UCITS product with weekly liquidity.

The fund will be led and managed by the CIO and Managing Partner, David Nazar. David has worked in credit markets for the past 25 years and is one of the most experienced investors in European event driven, stressed and distressed credit. Prior to founding Ironshield Capital Management in 2007, David worked for Deutsche Bank and Bank of America, managing proprietary credit portfolios. Prior to that, he was an investment banker at Goldman Sachs and Salomon Brothers. David leads a team of six experienced specialist traders and analysts.

Cyril Delamare, CEO of MontLake commented: "We are excited to be partnering with Ironshield on the launch of their UCITS fund. The fund has a unique return profile and compliments our wide array of product offerings. Ironshield's long history and track record in European event driven credit markets is something we are very pleased to offer to our investors."

David Nazar, CIO and Managing Partner of Ironshield commented: "We are very excited to be launching our UCITS credit fund into an environment where the opportunity has been reset by recent market volatility. Our high alpha and low correlation return stream can be a powerful source of results for investors as well as acting as a diversifier in investors' portfolios. We are looking forward to leveraging our expertise and nimble approach to take advantage of market dislocations on behalf of our investors."

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