The Skyline Ucits Fund will operate a global long/short mandate with a particular focus on emerging markets. ML Capital expects the launch to be the largest to date on the Montlake Ucits platform, with more than $25m (£15.7m, €17.5m) committed by early stage investors.
It will be managed by Skyline Capital Management LLP, a global long/short equity specialist, with a team headed by Geoff Bamber, formerly of Nevsky Capital and Matterhorn Investment. The fund aims to deliver capital growth and attractive risk-adjusted returns by identifying key trends within the emerging markets.
When the fund goes live it will be the third fund launch for ML Capital is as many months. The company said the recent launches were in keeping with its strategy to become the leading independent Ucits platform provider for managers seeking market-share within the Ucits industry.
Vernon West, chief executive officer of Skyline Capital Management, said the fund’s focus on liquid emerging markets companies aligned well with the Ucits format.
"We have invested significantly in our infrastructure to maximize our operational strength in advance of launch,” he said.
Skyline represents the fourth launch on the platform which is on target to close 2011 with a diversified portfolio of eight funds.
