ML Capital has teamed up with Los Angeles-based Crabel Capital management to launch two managed futures strategies, the companies have confirmed.
The ML Crabel Advanced Trend Ucits fund will be led by Grant Jaffarian and will seek to achieve long-term capital growth.
This will be achieved by taking long and/or short exposure to four asset classes: commodities, currencies, interest rates and equity indices.
The ML Crabel Gemini Ucits will deliberately use low correlation to both trend following as well as an an average holding period of 10 days.
Crabel Capital Management was founded in 1987 and currently has around $2.2 billion in assets under management. 50% of the firm’s AUM comes from Europe, while the rest is divided between the US and Asia.
The Dublin-domiciled funds were officially launched on October 2, to little fanfare. ML Capital confirmed the registrations but were unable to comment at the time of publication.
ML Capital has also recently launched another Alt Ucits product with former PSAM duo Douglas Polley and James Malley.
The ML Noyack Creek Ucits fund was officially launched on October 16 and focuses on liquid, hard catalysts event driven situations.
The fund will primarily invest in equity and debt securities of companies that have the potential to be involved in mergers, acquisitions or corporate restructurings globally.