ML Capital has announced that it will be launching its third new fund in as many months, the Skyline UCITS Fund, on the MontLake UCITS Platform.
Subject to regulatory approval, the Skyline UCITS Fund will commence trading on August 1, 2011. The fund will operate a global long/short mandate with a particular focus on emerging markets. ML Capital expects this launch to be the largest to date on the MontLake UCITS platform, with in excess of USD25 million already committed by early stage investors.
The fund will be managed by Skyline Capital Management LLP, which boasts an award winning team of individuals headed by Geoff Bamber, formerly of Nevsky Capital and Matterhorn Investment. Skyline aims to deliver significant capital growth and attractive risk adjusted returns, leveraging their proven track record in identifying the key trends within emerging markets and the companies best positioned to exploit those trends.
John Lowry (pictured), Chairman of ML Capital, says: “By offering a focused range of leading absolute return products in an acceptable format, as well as the best market intelligence and distribution services, the Skyline UCITS joint venture is an important step forward in our effort to building the leading independent UCITS platform in the marketplace.”
Vernon West, CEO of Skyline Capital Management, says: “We are delighted to be launching our UCITS fund on the MontLake platform. Our focus on investing in liquid emerging markets companies is a natural fit for the UCITS format, and we have invested significantly in our infrastructure to maximise our operational strength in advance of launch.”
The MontLake UCITS Platform has been carefully constructed around a strong infrastructural offering combined with an in-depth marketing and distribution strategy which is largely missing in the marketplace today. Skyline represents the fourth launch on the Platform which is on target to close 2011 with a diversified portfolio of eight funds.
