DUNN Capital Management to launch Ucits fund on MontLake Platform
Commodity trader DUNN Capital is to launch a world monetary and agriculture (WMA) Ucits-compliant fund on the MontLake Ucits platform this summer.
ML Capital, the Malta-based financial management firm which owns Montlake, said that the fund was expected to launch on 1 July 2011, subject to approval by Ireland’s financial regulator, where the Montlake platform is domiciled.
Commenting on the launch, ML Capital Chairman John Lowry said there were few US-based commodity trading advisors available within a Ucits structure, and that they were “very strongly demanded.”
The WMA is DUNN’s flagship long-term trend-following programme which has achieved an annualized return of 14.61% since it was launched in 1984. DUNN Capital currently has assets under management worth more than $1bn.
Service providers for funds placed on the platform by ML Capital include Citi for custody, administration and trustee services, KPMG for audit, and Carne Financial for oversight and directorships.