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.

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