Fund launches & closures

ML gears up to add systematic emerging market vehicle

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ML Capital has unveiled one of its newest funds to be launched onto its UCITS platform.  

The RP Systematic Emerging Market UCITS Fund will launch with $15 million of assets on 1 March this year on ML Capital’s MontLake UCITS platform.

It will be sub-advised by portfolio manager Apostolos Avlonitis from London-based hedge fund group RP Capital.

Avlonitis says of the systematic trading strategy that focuses on Eastern Europe, the Middle East and Africa regions: “The UCITS-compliant fund uses the systematic element of the RP Capital Emerging Markets Fund. The highly liquid strategy uses a model-based investing [process] in equities, foreign