Monday, 25 May 2015
Last updated 2 days ago
Apr 7 2014 | 10:31am ET
ML Capital has added a discretionary global macro fund to its MontLake UCITS platform.
The North MaxQ Macro UCITS Fund is run by North Asset Management, a London-based independent alternative asset manager, which has run the strategy for 10 years.
Founding Partners, Nick D'Onofrio, George Papamarkakis and Belinda Godwin have committed their own capital to both the firm and fund, which targets absolute returns in excess of 10%. The strategy returned 25.2% in 2011, 15.5% in 2012 and 8.19% in 2013.
The fund will typically allocate 65% of the risk to “countries within the European time zones.”
Cyril Delamare, CEO and co-founder of ML Capital, said in a statement:
"We wanted to work with North, not only due to their impressive track record, but also the experience of their team, who have a clear vision and strategy. Global macro discretionary is under-represented in the UCITS sphere, and we feel there is a lot of demand for it which is still untapped. This is a fund with significant potential and we are confident of the long term performance for this fund on the MontLake UCITS Platform.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…