Fund launches & closures Wrappers / Structures

Resources vet Lomnitzer starts UCITS fund with Merchant

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Merchant Capital has lined up the third fund launch for its UCITS III hedge fund platform. The Merchant Global Resources UCITS Fund is due to launch later this month and will be run by experienced resources investment manager Tal Lomnitzer, advised by Mark Latham at Commodity Intelligence.

Lomnitzer has 12 years’ buy-side experience in global resources. He ran the ORN Capital Global Resources Fund successfully for three years at ORN Capital, the London boutique that was acquired by Morley Fund Management (now Aviva Investors). The ORN fund returned 46.6% under his leadership. He has also managed funds for Deutsche