ML Capital’s UCITS platform MontLake has inked a distribution agreement with Acolin Fund Services of Zurich.
The deal will provide managers on the MontLake platform access to several hundred banking groups across the German and Swiss marketplaces.
Said John Lowry, chairman of ML Capital, in a statement: “The market is clearly recognizing the vital importance of distribution which a well placed UCITS platform can deliver. This deal with Acolin will further enhance our competitive position as these distribution deals can often take a year or more to structure. We are currently also in discussions with a number of distribution partners and private banking groups in Latin America and Asia, which are experiencing significant demand for alternative UCITS products“.
ML Capital says MontLake is on target to exceed $500 million AUM by the end of Q2 2012.