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US boutique unveils absolute return converts fund

US boutique unveils absolute return converts fund

Indepedent fund management company ML Capital has launched a convertible absolute return Ucits fund in partnership with Quest Global Advisors, the company has announced.

The MontLake Quest Convertible Absolute Return Ucits fund will be managed by Frank Campana and James Doolin, who currently co-manage the Quest Convertible Absolute Return Ucits fund.

Domiciled in Dublin, the fund will be a fundamentally- and quantitatively-driven strategy and is designed to yield superior risk-adjusted, uncorrelated returns.

The strategy seeks to capitalise on the global macrocycles of equity, credit and interest rates that drive the constantly changing valuations in the convertible universe.

Quest Global Advisors is a Connecticut-based hedge fund company founded in 2012. The firm’s investment philosophy is focused on liquid, high-quality convertible and equity-linked securities with a low volatility return profile.

Quest said they foresee an extended period of low rates, slow GDP growth, and slowly rising equity markets, therefore making the current environment a ‘promising backdrop’ for enhanced performance in the strategy.

To launch the fund, Quest has partnered with hedge fund advisory and seeding firm Genesis Advisors. Genesis focus on alternative asset managers, with an expertise in providing them with Ucits structuring, seed capital and exclusive promotion.

Commenting on the launch, managing partner and portfolio manager at Quest, Frank Campana said: 'We are pleased to offer our convertible thematic driven strategy to a wider audience across Europe through our new Ucits Fund on the ML platform.

'Investors want exceptional client service, reporting and active oversight in a properly regulated fund structure and that's exactly what MontLake delivers.'

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