Launches & Closures Wrappers / Structures

ML Capital on the trail of pan-Asia and China managers for new UCITS platform

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Geneva-based ML Capital is rolling out a UCITS platform in May, with the intention of bringing on board around 20 offshore managers that will manage sub funds under its UCITS umbrella, in strategies that they are already successfully running offshore.

The firm is seeking a pan-Asia manager and a China manager for its platform, and its move comes at a time when upcoming regulatory changes are spurring increasing demand for UCITS structures, not just in Europe, but also in Latin America and Asia.

ML Capital, started by John Lowry and Cyril Delamare two years back with the primary