Launches & Closures Wrappers / Structures

Third fund launches on Merchant Capital platform


Hedge fund UCITS umbrella provider Merchant Capital has announced the third fund to launch on its platform.

The Merchant Global Resources UCITS Fund will employ an absolute return equity strategy with a long-biased approach to investing in global resources.

Tal Lomnitzer fund manager of the Merchant Global Resources UCITS III Fund

The fund is expected to launch mid-October with approximately $15m in assets under management. Initial capital has been raised from European institutional and private investors.

The strategy combines a top-down thematic approach with in-depth bottom-up valuation work in order to choose the 100 to150 stocks the fund will be invested in at any one time. Investments are sector-focused, concentrating on global energy,