MontLake UCITS ICAV leads UCITS V compliance and appoints MLC Management Ltd as UCITS ManCo
DUBLIN, 15th April 2016 – ML Capital are pleased to announce that the MontLake UCITS Platform is now a UCITS V compliant ICAV structure, managed by MLC Management Limited, an ML Capital Group Company.
MontLake is a leading independent platform for UCITS funds that has provided investors with access to a range of liquid, transparent and regulated investment products since its launch in 2010. In that time the MontLake UCITS Platform has grown exponentially and ML Capital has gained a reputation for being in the vanguard of each regulatory update and industry advance. MontLake is one of the first to be approved as UCITS V compliant.
In conjunction with the updates to the MontLake UCITS Platform necessary to comply with the UCITS V Directive and changes to the client and investor money requirements applicable to Irish investment funds, ML appointed MLC Management Ltd to act as manager to the platform.
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.
MLC will manage both UCITS and AIFMD funds, enabling ML Capital to service fund structures acting either as a platform or as a third party service provider, providing maximum flexibility for fund managers.
ML Capital’s move to a management company-led approach is in keeping with the culture of continuous improvement we espouse: staying ahead of new regulations and of our competitors, offering a tailor-made, gold standard service to our manager partners, and securing the best compliance and oversight services for our investors.
Speaking today, Cyril Delamare, CEO of ML Capital commented: "We are delighted to be at the forefront of the European fund industry, as one of the first approved UCITS V compliant platforms. And the MLC super manco allows us to go even further, servicing the full range of fund structures. 2016 will be an exciting year.”
About ML Capital
ML Capital is a forward looking and 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.
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 that 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. MLC was incorporated in February 2015 and currently oversees $1.5 billion of assets.