ML signs up Pegasus for new Irish platform

Tue Sep 21, 2010

Montlake UCITS Platform aims to get $2 billion assets under management on its platform over the next two years.

The Irish-domiciled platform, launched by ML Capital Asset Management, has announced that the Pegasus UCITS Fund will be its first fund on the platform.

Richard Day

London-based Clareville Capital acts at sub-investment manager for the UK equity long/short Pegasus fund run by David Yarrow. The offshore Bermuda-based fund is down 4.64% so far in 2010 but has an impressive annualised return of 10.91% - since its inception in 1997.

Donaldson adds: "A UCITS compliant version of the Pegasus fund is a natural next step for us. Pegasus has always offered investors a high level of liquidity, transparency and stable returns over a variety of market conditions.

"The last 10 years have illustrated the...

ISSN: 2151-1845 / CDC10004H

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