Following the successful launch of its UCITS Montlake Platform, ML Capital Asset Management has onboarded the Clareville fund, which will be run by David Yarrow (pictured) and Angus Donaldson of Clareville Capital, a London-based hedge fund manager. As reported by Hedgeweek recently, ML Capital aims to have 10-15 managers over the next six to 24 months. The Clareville fund is a UCITS-compliant version of the firm’s Bahamas-domiciled Pegasus fund, which pursues an equity L/S investment strategy by taking positions in FTSE 100 and FTSE 250 stocks. According to Hedgefunds Review, since the fund was established 13 years ago it has achieved annualized returns of 11 per cent. Key service providers on Montlake include Citi for custodial, trustee and administration services, KPMG for auditing, with each manager able to choose their preferred prime broker; Clareville Capital has selected Bank of America Merrill Lynch. ML Capital will not be solely targeting European managers, however. As ML Capital CEO, Cyril Delamare, told Hedgeweek: “We’re spending a lot of time speaking to US managers, as well as those in emerging markets and Latin America. Pan-Asia L/S and Northern Asia (Japan, China, Korea) event driven strategies will be considered, depending on liquidity.” Fund managers who select the Montlake platform can expect their fund(s) to get to market within six to eight weeks.