ML Capital’s UCITS platform MontLake, which has grown by 1300% (AUM) in less than one year, has agreed 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 (pictured), Chairman of ML Capital, says: “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 USD500m AUM, by the end of Q2, 2012.
Daniel Haefele, Chairman of Acolin says: “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.”