London-based Fenician Capital Management is set to join forces with Bank of America Merrill Lynch to launch an Ucits-compliant version of its Makalu fund.
The new UCITS fund is expected to launch on the Merrill Lynch Investment Solutions platform in mid-July.
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The platform will offer investors access to a host of hedge funds in an Alternative Ucits format.
Launched with around US$50 million of seed capital, the new fund will mirror Fenician’s existing long/short equity strategy Makalu, which was launched in October 2011 as a Cayman Islands-domiciled fund.
Founded in 2004, Fenician Capital Management principals include Corrado Abbattista, formerly of Morgan Stanley, alongside ex-Brevan Howard trader Geoffrey Houlot and Andrew Crane, who serves as the CEO.
