Mygale Event Driven UCITS Fund
The Mygale Event Driven UCITS Fund is advised by a London-based team with extensive experience in European Focused Global Event Driven Equity including Merger Arbitrage, Catalyst Driven, Relative Value and special situations.
Mygale continues the successful strategy employed by Neil Tofts for over 25 years at firms including Deephaven Capital, KBC Alternative Investment Management and Merrill Lynch. The team employs a differentiated investment approach built on sceptical research, disciplined position selection and active trading to capture additional alpha in every position. Investments are challenged and considered from multiple angles with fundamental in-house research that is completed by systematic consulting of the market through deep local broker relationships and industry specialists. Trades are structured with the intention of embedding optionality and favourably skewing risk, with a preference for situations that have a fundamental value underpinning, a clear rationale and the possibility of bump catalysts or counter bids. The team dislikes crowded trades and binary outcomes with heavy downsides, and avoids the ‘home run’ mentality.
Mygale Event Driven UCITS Fund
Neil Tots has over 25 years of investment experience and managing Event Driven portfolios. Most recently, he served as Managing Director and Head of Event Driven Investments at Merrill Lynch. Previously Neil was Head of Global Event Driven Investments at KBC Alternative Investment Management, where he established and ran a 4 person team. In 2000, Neil founded the European business of Deephaven Capital, where he was responsible for European Focused, Global Event Driven investing. In 2005 Neil established and oversaw the Fundamental Equity Long/Short team of 4 people. Neil has also managed Event Driven Investments at Paribas and NatWest Markets, having started his career in equity derivatives. Neil graduated with a BA (Hons) in Business Studies from Oxford Brookes University.
Ken Li Chung, CFA
Ken Li was previously a Vice President at Bank of America Merrill Lynch in London where, most recently, he had full responsibility for the European Event Driven Trading Franchise. Prior to this, Ken Li worked with Neil focusing on investment idea generation, research and trading in Event Driven situations. He has over 14 years of investment experience, having joined Merrill Lynch in 2008, where he was responsible for a fundamental equity portfolio as well as index and portfolio trading. Ken Li graduated with a BA (Hons) in Economics from the London School of Economics and Political Science, and is a CFA Charterholder.
Cevahir worked with Neil at KBC Alternative Investment Management, having joined the company in 2005. He was a key member of the Event Driven team and developed a thorough understanding of Neil’s investment style and approach. Most recently he was an Event Driven Analyst at Cantor Fitzgerald, focusing on idea generation and research of Event Driven investment ideas, and was previously an analyst in equity and bond investments for PAM Global Investments. Cevahir has an MBA in Finance from The University of Arkansas and a BA (Hons) in English Language and Literature from Bilkent University, Turkey.
Nicholas was most recently a Senior Analyst at Haitong Securities, focusing mainly on European and US event driven and fundamental investing. Previously, Nicholas spent a number of years at Citigroup, responsible for Global Emerging Markets Hedge Fund Equity Sales, having started his banking career at Macquarie, where he broked Australian and Asian equities to the European client base. Nicholas graduated with a Bachelor of Laws in 1997 and started his career working as a corporate advisory lawyer with Clayton Utz.
Marketing Team: Oliver Monckton, CFA
Oliver joined Mygale in 2022, having previously been an Associate Director at UBS in the CIO Global Investment Management team. Prior to this, Oliver was an Analyst and Assistant Portfolio Manager at EFG Asset Management in London. Oliver graduated from the University of Edinburgh with an MA (Hons) in Business, and is a CFA Charterholder.
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Mygale Event Driven UCITS Fund
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