Skyline UCITS Fund Adds 20% In First Year

Sep 4 2012 | 8:24am ET

The Skyline UCITS Fund, an emerging markets long/short strategy on ML Capital’s MontLake UCITS platform, returned 20.5% in its debut year of operations.

The fund, which saw “significant inflows” in the last quarter, now has assets under management of $56 million, according to UK-based Skyline Capital Management.

Skyline CEO Vernon West attributed the fund’s success to stock picking:

“The returns generated reflect a high hit rate rather than reliance on a handful of outsized winners. Building proprietary models on our companies helps create a margin of safety thus contributing to our strong success rate in idea generation,” he said in a statement.

 


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