ML Capital Adds Tech Fund To UCITS Platform

Sep 30 2013 | 9:41am ET

ML Capital has added a tech fund to its MontLake UCITS platform: the Open Field Capital Technology UCITS Fund.

The New York-based fund, with over $100 million in capital commitments, is the largest launch to date for the platform.

Eastablished in 2003, Open Field is a U.S. equities investment advisor specializing emerging technologies. The fund aims to provide investors exposure to the disruptive technology trends driving some of the world's fastest-growing companies. Open Field, which has an eight-year track record with the strategy, is looking for the first time to European investors.

Cyril Delamare, CEO of ML Capital, said in a statement: "We are delighted with the launch which is so far the largest, in terms of day-one assets on the platform...We welcome the team at Open Field and believe they will offer investors a unique exposure to the technology sector. Open Field are pioneers in tech investing with a highly regarded in-house research team and an investment committee that between them has over 100 years of experience in the sector."

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