The Tosca UCITS Fund, a global long/short equity fund from Toscafund Asset management, has launched on the MontLake UCITS Platform.
MontLake is an independent platform for UCITS funds that provides investors with access to a range of Irish-domiciled liquid, transparent and regulated investment products.
Tosca UCITS, emulates the award winning offshore Tosca LP and invests primarily in equities across the entire value chain of financials globally. This large, liquid and diverse universe is rich in alpha, with varied drivers of profitability. Deep dive, fundamental analysis is at the core of the investment process where the six person strong investment team has over 90 years combined experience in this specialised and inherently complex area of the market. The team’s extensive expertise as well as the breadth and depth of their contacts and relationships offers investors a significant and sustainable edge.
The fund will be led and managed by Johnny de la Hey, who has been the manager for Tosca since December 2008. He is supported by a team of analysts with expertise in global financials, property and business services.
Cyril Delamare (pictured), CEO of ML Capital, says: “From our long partnership with Toscafund we are delighted to support them for the launch of Toscafund’s second UCITS launch on our platform and bring to our European investor base this unique product. We have every confidence in the team’s proven ability to meet the demands of investors in today’s long/short equity space.”
Johnny de la Hey, Portfolio Manager and Partner at Toscafund, says: “We are pleased to be able to offer Tosca in UCITS format on the MontLake Platform. Our portfolio construction and risk management framework is already more exacting than the demands of UCITS and we are looking forward to being able to offer the strategy to clients who were precluded from investing in our offshore fund. Recent market moves mean we launch the Fund with an opportunity set which combines deep value rehabilitating incumbent businesses and genuine secular growth in newer technologically driven businesses. We would like to thank our early stage backers and have committed substantial amounts of our own capital to the launch”.
