Wednesday, 30 July 2014
Last updated 9 hours ago
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."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…