Rapidly growing UCITS Platform MontLake agrees groundbreaking deal for German and Swiss markets

ML Capital’s rapidly growing UCITS platform MontLake, which has grown by 1300% (AUM) in less than one year, announces a significant distribution agreement with Acolin Fund Services of Zurich, which will provide managers on the MontLake platform access to several hundred banking groups across the German and Swiss marketplaces.

John Lowry, Chairman of ML Capital commented “The market is clearly recognising the vital importance of distribution which a well placed UCITS platform can deliver. This deal with Acolin will further enhance our competitive position as these distribution deals can often take a year or more to structure. We are currently also in discussions with a number of distribution partners and private banking groups in Latin America and Asia, which are experiencing significant demand for alternative UCITS products“.

The MontLake UCITS Platform currently has a number of managers engaged in its on-boarding process, including global macro and long/ short equity strategies and is currently on target to reach in excess of $500m AUM, by the end of Q2, 2012.

Daniel Haefele, Chairman of Acolin announced that “We at Acolin are very proud of this deal with ML as it provides fund managers participating on the Montlake UCITS platform an excellent route to European distribution. We can now get these funds direct market access within 3-4 weeks”.

  

About Acolin Fund Services

Acolin is the premier independent fund distribution service provider operating cross-border in Europe. Their services address the needs of collective investment product promoters, and they deliver the bandwidth required by partnering funds to gain better access to the key markets. 

 

About The MontLake UCITS Platform

The MontLake UCITS Platform from ML Capital, is domiciled in Ireland and regulated by the Central Bank of Ireland and provides investment managers with a solution for launching a UCITS fund under its umbrella structure. Typical time to market is 10 weeks, or less, with the platform offering immediate access to a wide range of investors through the range of distribution networks that ML Capital has established.

Funds placed on the platform by ML Capital benefit from top-tier service providers including Citi for custody, administration and trustee services, KPMG for audit, Maples and Calder for legal services.

 

For more information on ML Capital please visit our website www.mlcapital.com or our platform website www.montlakeucits.com.