Cooper Creek Partners North America Long Short Equity UCITS Fund launches on the MontLake UCITS Platform ICAV

Press Releases

DUBLIN, 19th November 2018 – Cooper Creek Partners (“Cooper Creek”) and ML Capital are pleased to announce the launch of the Cooper Creek Partners North America Long Short Equity UCITS Fund on the MontLake UCITS Platform. With day one assets in excess of $110M USD, it will be one of the largest Alternative UCITS Fund launches year-to-date. MontLake is a leading independent platform for UCITS funds that provides investors with access to a range of Irish-domiciled liquid, transparent and regulated investment funds.

The Cooper Creek Partners North America Long Short Equity UCITS Fund seeks to generate attractive absolute returns, non-correlated to equity market performance, by investing in a portfolio of high conviction ideas with a low net exposure. Cooper Creek employs a catalyst-driven, value-oriented approach to investing in small/mid-cap, under-the-radar and/or out-of-favour North American companies with the potential for transformational change.

The fund will be led and managed by Managing Member and Portfolio Manager Rob Schwartz, who founded Cooper Creek Partners in 2008. Rob has over 17 years of institutional investment experience and a proven track record of generating alpha on the long and short side in both up and down markets. Matt Sherwood and A.J Strasser, senior investment professionals at Cooper Creek will support Rob with the strategy.

Cyril Delamare, CEO of ML Capital commented:

“We are delighted to be partnering with Cooper Creek in the launch of their UCITS fund, which will form part of our actively distributed fund range. The fund will compliment our existing offerings to investors via their low net, alpha focused approach, delivered via rigorous bottom up fundamental research and a track record of absolute returns on both the long and short side.”

Rob Schwartz, Portfolio Manager and Founder at Cooper Creek Partners commented:

‘We are excited to be partnering with MontLake to bring our 10-year track record of uncorrelated returns focused on long and short North American catalyst driven small/ mid cap securities to European investors in a UCITS format’

 

About Cooper Creek Partners

Cooper Creek Partners was founded in May 2008 by Rob Schwartz and is a multi-asset fund management firm. Cooper Creek Partners is based in New York.

Cooper Creek invests in public equity markets across the globe. It employs fundamental analysis with a bottom up approach in constructing their portfolio. The firm places significant emphasis on generating alpha from single name investments on both the long and short sides of the portfolio allowing it to capitalise on opportunities when conviction is high and risk/reward is viewed as favourable.

 

About ML Capital

ML Capital is a forward looking leading independent fund structuring and investment management firm specialising in European regulated fund structures. As an award winning platform provider, we partner with the very best of investment managers to bring to market the latest, most appropriate, fund structures to comply with the raft of incoming regulatory requirements, whilst meeting the ever increasing expectations of investors. As at September 30th, 2018, group AUM stands at $7 billion.

ML Capital handles all aspects of the fund structuring and launch on investment managers' behalf. Through our dedicated network we also offer fund sales and distribution, if required, and have had comprehensive coverage of investors in all key European markets for the past 20 years.

Our goal is to provide the most appropriate fund structures to maximise distribution opportunities across all key markets. Our solutions bring together market leading service providers with some of the very best minds in the regulated fund space; providing well managed European investment products with the highest levels of service and governance. We ensure all incoming investors and partners come in with the full knowledge that they are investing into structures that are designed to protect and preserve investor interest.

MLC Management Ltd acts as third party management company for UCITS and AIFMD funds. Offering better compliance, oversight and management facilities than self-managed structures, the management company is the future of fund structuring; as the industry responds to the desire of investors and regulators for greater substance, we believe management companies will become the structure of choice for new funds, as others move away from self-managed fund structures.

 

For more information on ML Capital please visit www.mlcapital.com