Advent Capital Management, LLC, ML Capital and Genesis Advisors have launched the Advent Global Partners UCITS Fund, a multi-strategy vehicle hosted on the MontLake UCITS Platform.
The Advent Global Partners strategy was launched in 1996 and applies a relative value approach to investing in volatility and credit markets with an event-driven bias to capture compelling asymmetric opportunities. The strategy is agnostic to any single sub-strategy and invests globally exploiting relative value volatility, event driven and credit opportunities while capitalizing on market dislocations. The strategy combines the firm’s proprietary fundamental research capabilities with quantitative analysis to exploit mispriced idiosyncratic volatility opportunities and identify misunderstood credits and corporate valuations.
The strategy is led by Marc Friezo and Doug Teresko.
Kris Haber, COO of Advent Capital Management said: “Given current global equity and credit market valuations, our Global Partners strategy seeks to generate attractive risk-adjusted absolute returns while exhibiting low beta and correlation to traditional asset classes. We are excited to partner with ML Capital to launch the Advent Global Partners UCITS Fund which provides investors access to this unique alternative strategy within a regulated and transparent vehicle”.
Cyril Delamare, CEO of ML Capital commented: “We are delighted to have partnered with Advent Capital for the launch of the Advent Global Partners UCITS Fund. We have every confidence that the team’s proven track record, since inception in 1996, will prove for great success in the UCITS market. Advent is a welcome addition to the UCITS universe and we look forward to building our partnership with the team”.
Eyal Perez, Founder of Genesis Advisors stated: “I am very excited about the opportunity to work with Advent, given the firm’s incredible reputation and resources. Advent Global Partners amassed a great track record for more than 20 years which is one of the longest and most accomplished among its peers, leveraging the team’s unique set of skills and experience”.