ML Capital has launched the Quest Convertible Absolute Return UCITS Fund, a convertible arbitrage strategy, hosted on the MontLake UCITS Platform.
MontLake is an independent platform for UCITS funds that provide investors with access to a range of liquid, transparent and regulated investment products domiciled in Dublin.
The MontLake Quest Convertible Absolute Return UCITS Fund uses a fundamentally and quantitatively driven strategy that yields superior risk-adjusted, uncorrelated returns. This strategy seeks to capitalise on the global macro cycles of equity, credit and interest rates that drive the constantly changing valuations in the convertible universe.
Quest's investment philosophy is that a well-structured portfolio of liquid, high quality convertible and equity-linked securities can deliver superior absolute returns with a low volatility return profile. The philosophy is put into practice via a thematic, top-down investment strategy that harnesses the inherently superior defensive characteristics of convertible securities coupled with their robust upside potential.
The fund is led by Frank Campana and James Doolin, both of whom have decades of experience in the securities industry, dedicated to trading and investing in convertible securities. Further, the Quest portfolio management team has worked together for more than 23 years and has successfully implemented a time-tested scalable strategy through numerous market cycles, which included periods of unprecedented volatility.
Frank Campana, managing partner and portfolio manager of Quest Convertible, says: "We are pleased to offer our convertible thematic driven strategy to a wider audience across Europe through our new UCITS Fund on the ML platform. Investors want exceptional client service, reporting and active oversight in a properly regulated fund structure and that's exactly what MontLake delivers."
Eyal Perez, founder of Genesis Advisors, says: "I am very excited about the opportunity to work with Quest, given the team's tremendous experience and reputation in the convertible space. The track record they have built over the past 16 years is definitely the best and longest among their peers both in terms of performance and risk adjusted basis. The UCITS vehicle is now giving them the full visibility they deserve among the European hedge fund community."
Cyril Delamare (pictured), CEO of ML Capital, says: "We look forward to working with Quest Global Advisors, given their long track record in the industry and are delighted to partner with themselves and Genesis Advisors to launch their UCITS Fund. As the first convertible fund on the platform, we look forward to seeing it progress."
