DUBLIN, 2nd February 2016 – ML Capital are pleased to formally announce the launch of the Mygale Event Driven UCITS Fund, a European focused event driven equity strategy hosted on the MontLake UCITS Platform. MontLake is a leading independent platform for UCITS funds that provides investors with access to a range of liquid, transparent and regulated investment products domiciled in Dublin.
Mygale is the new vehicle for the event driven strategy that CIO Neil Tofts previously deployed at Deephaven Capital Management, KBC Alternatives, and Merrill Lynch. Neil has over 19 years’ experience in successfully running event driven portfolios and funds. Each of the investment professionals in the Mygale team has worked with Neil over a number of years and specialise in the nuances of European event driven investing.
The Fund is diversified across a number of strategies, including merger arbitrage, catalyst driven investments, relative value and special situations. The team take a sceptical approach to investing, consistently questioning their investment thesis; in-house research is complemented with systematic consultations of the market through industry specialists and strong local broker relationships. They seek situations where there are opportunities of counter bids and bump catalysts, and trades with fundamental value. Initial investment in the Fund is by Old Mutual Wealth’s multi-asset unit.
Speaking today, Neil Tofts of Mygale said: "We are pleased to offer our event driven strategy to a wider audience across Europe through our new UCITS Fund, and I’m excited that we have day one investment from such a respected group as Old Mutual Wealth.”
Cyril Delamare, CEO of ML Capital commented: "We are delighted to work with Mygale and Old Mutual to bring this exciting new product to the UCITS market. Neil has proven his event driven strategy over a number of years, and it is sure to be welcomed by European investors."
MYGALE is a London based firm headed by Neil Tofts which provides portfolio management services to the sub-investment manager Tavira, an independent brokerage and investment house. Tavira provides infrastructure and support to the MYGALE team. Neil has set up teams and desks at almost every one of his previous positons and fosters a team approach, encouraging ownership and responsibility.
About ML Capital
ML Capital is a forward looking and leading independent 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 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.