DUBLIN, 7th April 2017 – Ronit Capital LLP and ML Capital are pleased to formally announce the launch of the Ronit Global Opportunities UCITS Fund, a Global Long/Short strategy focused on liquid Emerging Markets and the European periphery hosted on the MontLake UCITS Platform. MontLake is a leading independent platform for UCITS funds that provides investors with access to a range of liquid, transparent and regulated investment products domiciled in Dublin.
The Ronit Global Opportunities UCITS Fund seeks long term absolute returns by trading a fundamental, bottom-up strategy with macro overlays, to capitalize on Global Opportunities with a focus on Emerging Markets and the European periphery. The investment strategy will only invest across a liquid capital structure and is expected to have an equity bias over time. The team believe that fundamental research coupled with a sensible understanding of the risk/reward and idiosyncratic risks can generate attractive returns over time and across market cycles.
Ronit Capital LLP believes that historically too much attention was placed on macro analysis in the regions they invest in whilst there are significant opportunities within more micro focused strategies. Emerging Markets are no longer a uniform block as countries and sectors are impacted by different developments in differing ways. Many Emerging market stories today are much less dependent on the events or decisions in developed countries. Additionally, for many significant companies today, Emerging Markets represent material areas for growth and profitability and Ronit is uniquely suited and positioned to take advantage of these trends. By employing a fundamental based micro approach Ronit can capitalise on both the Long and Short opportunities.
Speaking today, Edward Misrahi, CIO of Ronit Capital said: “We recognise MontLake as a best-in-class platform, offering exclusive access to a wide range of selective investors. We are delighted to partner with ML Capital at an exciting time when the popularity and demand for UCITS alternative investment funds continues to rise”.
Cyril Delamare, CEO of ML Capital commented: “We are pleased that Ronit have selected the MontLake UCITS Platform to launch the Ronit Global Opportunities UCITS Fund, we have every confidence that the team’s proven emerging markets track record and their ability to invest in both Long and Short equity will better enable them to strengthen returns regardless of Emerging Market conditions. This fund is a welcomed addition to the UCITS Universe and we are excited by its growth and potential.”
About Ronit Capital Ronit’s Founding Partners, Edward Misrahi and Luis Arenzana, have over 20 years of experience investing opportunistically across all classes and market conditions. The pairing of the Ronit Team’s underlying industry knowledge in both public and private Global Emerging Markets and their experience managing Event Driven Long/Short strategies, provides an additional competitive edge.
About ML Capital ML Capital is a forward looking and leading independent fund structuring and investment management firm specialising in European regulated fund structures. As an award winning platform provider, we partner with the very best of investment managers to bring to market the latest most appropriate fund structures to comply with the raft of incoming regulatory requirements, whilst meeting the ever increasing expectations of investors. As at March 31st, 2017, group AUM stands at $3.2 billion.
ML Capital handles all aspects of the fund structuring and launch on investment managers' behalf. Through our dedicated network we also offer fund sales and distribution if required and have had comprehensive coverage of investors in all key European markets for the past 20 years.
Our goal is to provide the most appropriate fund structures to maximise distribution opportunities across all key markets. Our solutions bring together market leading service providers with some of the very best minds in the regulated fund space; providing well managed European investment products with the highest levels of service and governance. We ensure that all incoming investors and partners come in with the full knowledge that they are investing into structures that are designed to protect and preserve investor interest.
MLC Management Ltd acts as third party management company for UCITS and AIFMD funds. Offering better compliance, oversight and management facilities than self-managed structures, the management company is the future of fund structuring; as the industry responds to the desire of investors and regulators for greater substance, we believe management companies will become the structure of choice for new funds, as others move away from self-managed fund structures.
For more information on Ronit please contact ir@ronitcapital.com