Montlake an ML Capital Company

Butler Credit Opportunities  

Butler Credit Opportunities UCITS is a long/short European Credit fund with a long term target to deliver 8-10% annualized returns while keeping portfolio volatility below 5% over the credit cycle.

It is managed with the same expertise and investment team as the WB Opportunities Fund that has demonstrated outstanding returns in all market conditions since its inception in 2009.

The portfolio management team is very stable and has managed hedge funds since 2005, through a variety of economic cycles including global financial crisis. The team have a proven ability to generate best-in-class risk-adjusted returns both in bull and bear markets, capturing the upside when conditions are supportive and limiting the downside when markets become more challenging.

The Butler Credit Opportunities UCITS Fund team uses a unique 3 step investment approach placing risk management and preservation of capital at the centre of portfolio management while constantly seeking opportunities to generate attractive risk adjusted returns.

Stage 1: With their long-standing experience on markets, the team recognizes that the portfolio Beta should always reflect the optimal level of risk in order to preserve capital or generate superior Alpha. Laurent Kenigswald (who has a background as a macro-economist and statistician), together with the two other PMs, systematically implement a Top-Down approach in order to determine the optimal level of risk for the portfolio. The fund has been net short on several occasions since inception, reflecting the team’s ability to adapt to events and cycles.

Stage 2: Bottom up focuses on the fundamental analysis of individual securities, assessing key financial parameters for each bond evaluating its potential as a long or short position.

Stage 3: Portfolio construction determines the capital allocated to each strategy/position taking into account risk, liquidity, volatility, etc.

Butler Investment Managers is a company created in 2008 by Walter Butler, owner and founder of Butler Industries set up in 1991. The Group has operations in direct investments (Butler Industries) and asset management covering three major asset classes (private equity with Butler Capital Partners and Butler Industries, credit markets with Butler Investment Managers and real estate with Corum/Butler Real Estate).


KEY POINTS

Key Points

1

Experienced team that has successfully managed hedge funds since 2005 through changing economic cycles as well as during the global financial crisis. 

2

Managing a highly liquid portfolio with nimble trading ability enables the team to create exposure which both allows for alpha capture in bull and bear markets whilst preserving capital through periods of high volatility.

3

Long term coverage of the market allows for superior bottom up research.

Terms and Conditions Apply

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ML Capital Asset Management Ltd, 26 Fitzwilliam Street Upper, Dublin 2, D02 CT89, 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 MLC Management Ltd, 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.