The fund trades a fundamental, bottom-up strategy with macro overlays to capitalize on Global Opportunities (long-short strategy) with a focus on Emerging Markets (“EM”) and EM-related situations (e.g. European Periphery). We invest across the liquid capital structure with an equity bias.
We believe that fundamental research coupled with a sensible understanding of the risk/reward and the idiosyncratic risks can generate attractive returns over time and across market cycles. Over the past decade, investing in EM has essentially been a long biased beta trade. Today, one cannot have a generic view on EM without first and foremost having a view on specific countries and sectors. As we have been able to see over the past few years, the dispersion within EM has been widespread. We don’t believe there are means for this to change going forward.
We think that the diverging monetary policy regimes across the world, along with the developing impacts of factors such as the drop in the price of oil on different countries, sectors and companies will continue to provide significant dispersion. This is an optimal environment to generate alpha, irrespective of market performance.
Global long-short equity and credit fund with a focus on Emerging Markets and EM-related opportunities (e.g. the European Periphery). The investment strategy will only consider liquid investments. The portfolio is expected to have an equity bias over time.
Founding partners have over 20 years’ experience of investing opportunistically across asset all classes and market conditions.
Risk management is a core pillar within our investment process. The first layer of our Risk Management is centred on finding attractive risks/reward profiles whilst endeavouring to limit maximum portfolio losses to 10%+ in any 3-6 month period. Our second risk management objective is to ensure the portfolio is positioned in such a way (i.e. long gamma) as to have sufficient dry powder to take advantage of dislocations.
Waystone Investment Management (IE) Limited, 23 St. Stephen's Green, Dublin 2, D02 AR55, Ireland is licensed to provide Investment Management services to Professional Clients (including Collective Investment Schemes) by the Central Bank of Ireland.
MontLake UCITS Platform ICAV is an umbrella open-ended Irish collective asset-management vehicle with segregated liability between Funds formed in Ireland under the Irish Collective Asset-management Vehicles Act 2015 and authorised by the Central Bank as a UCITS pursuant to the UCITS Regulations.
The Manager of MontLake UCITS Platform ICAV is Waystone Fund Management (IE) Limited, a company regulated by the Central Bank of Ireland.
This website is directed mainly for professional and institutional clients who possess the necessary experience, knowledge and expertise to make their own investment decisions and properly assess the risk that it incurs.
Information on this website was obtained from various sources and the company does not guarantee its accuracy. The information is for your private use and discussion purposes only and expressed views and opinions may change.
The Performance figures quoted refer to the past and past performance is not a guarantee of future performance or a reliable guide to future performance. The value of your investment and their income may go down as well as up.
Your investment may also be subject to currency, interest rate, as well as market fluctuations. Consequently the Investor may not get back a sum equal to that he / she originally invested.
Investors should note that an investment in those Sub-Funds which may invest in emerging markets should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors.
The Sub-Funds may invest in Over the Counter as well as Exchange Traded derivative instruments to enhance return or hedge against fluctuations in security prices or market rates as well as to short sell a security through the use of a derivative instrument. Transactions in derivative instruments involve a risk of loss or depreciation of capital due to adverse changes in security prices, exchange rates or interest rates or in the case of OTC instruments default of Counterparty. This investment may not be suitable for all types of investors. It is therefore recommended that you consult your investment advisor.
A commission or sales fee may be charged at the time of the initial purchase for an investment and may be deducted from the invested amount therefore lowering the size of your investment. The Investment Manager will be entitled to receive a performance fee as well as a management fee, calculated on a daily basis and paid quarterly by the sub-funds.
The Levels and bases of taxation are dependent on individual circumstances and subject to change and therefore it is highly recommended that you consult a professional tax advisor.