Merchant to add third UCITS fund, managed by Lomnitzer
Merchant Capital, one of the world’s leading UCITS service providers, has confirmed the addition of a third fund onto its platform: the Merchant Global Resources UCITS Fund, an absolute return fund. It joins Galaxy Asset Management’s multi-strategy fund and a European equity fund on the platform and should start trading later this month with approximately USD15 million in AUM. Tom Lomnitzer at Merchant will be managing the portfolio and will be advised by Mark Latham of Commodity Intelligence, a commodities investment advisory firm. An equity-focused strategy will be pursued, using a fundamental top-down, bottom-up approach to identify between 100 and 150 stocks. Sectorally, global energy, mining, rare metals and agriculture will be the main focus, with returns coming largely from equity positions although some debt and derivative instruments will also be used. BNY Mellon will provide all administration, custodial and trustee services. Fund performance expectations are not known at this stage. Between them, Lomnitzer and Latham have over 33 years of resources-focused investing.
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