Malta-based ML Capital will launch two new funds on its MontLake UCITS platform this quarter: the Goldwinds Global Macro UCITS Fund and the RP Systematic Emerging Market UCITS Fund.
The global macro fund is scheduled to start trading February 13, 2012 while the systematic emerging markets fund, which is still awaiting regulatory approval, should start operations on March 1. The two launches will bring the MontLake UCITS platform AUM to over $100 million.
The first fund will be managed by Goldwinds Asset Management. Giovanni Pennetta, formerly of UBS and Merrill Lynch, now head of Goldwinds, and Camilla West, the former director of Unifortune Investment management, will co-manage the portfolio. The fund will deploy a discretionary global macro strategy which ML says has annualized 16.65% since inception in 2007.
The second fund will be managed by RP Capital UK, with Apostolos Avlonitis and Constantinos Giachalis responsible for managing the day-to-day portfolio. Avlonitis and Giachalis have been managing the strategy since 2006 at RP Capital. The fund will use macro systematic models focusing on the EMEA region and offer emerging markets exposure “with limited volatility and drawdown,” according to ML Capital’s press release. The firm says the strategy has annualized net returns of 8.7% since inception in 2006.
Cyril Delamare, CEO of ML Capital, said, in a statement: “The two new launches demonstrate ML Capital’s continued commitment to deliver products that investors are demanding today.”
ML Capital is headquartered in Malta and has offices in London and Geneva.