ML Capital has launched the Quest Convertible Absolute Return Ucits Fund, a convertible arbitrage strategy hosted on the MontLake Dublin-domiciled Ucits platform.
The fund utilises a fundamentally and quantitatively driven strategy that yields superior risk-adjusted, uncorrelated returns. This strategy seeks to capitalise on the global macro cycles of equity, credit and interest rates that drive the constantly changing valuations in the convertible universe.
Quest’s investment philosophy is that a well structured portfolio of liquid, high quality convertible and equity-linked securities can deliver superior absolute returns with a low volatility return profile.
The philosophy is put into practice via a thematic, top-down investment strategy that harnesses the inherently superior defensive characteristics of convertible securities coupled with their robust upside potential.
The fund is led by Frank Campana and James Doolin, both of whom have decades of experience in the securities industry, dedicated to trading and investing in convertible securities.