Bank of America Merrill Lynch (BoAML) has joined forces with Sandell Investment Services to launch a new event-driven and arbitrage UCITS fund.
The Merrill Lynch Investment Solutions – Castlerigg Equity Event and Arbitrage UCITS Fund will integrate the Sandell’s Castlerigg Merger Arbitrage UCITS fund onto the Merrill Lynch Investment Solutions (MLIS) alternative UCITS platform.
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The fund’s investment objective is to generate consistent net returns that are less dependent on systematic influences.
In addition, the fund will combine a bottom-up approach with top-down analysis to develop a portfolio with low downside volatility.
The sub-fund will provide institutional investors with access to a wide range of equity event-driven and arbitrage opportunities in developed markets, according to Hedgeweek.
The Luxembourg domiciled fund will be available for investors who are compliant with the UCITS framework of rigorous risk, diversification, counterparty exposure, liquidity and eligible asset constraints.
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By GlobalDataThe fund is already available for sale in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Norway, Portugal, Netherlands, Spain, Sweden and the UK.
BoAML Alternative Funds Platform and Global Financing Solutions head Philippe Lopategui said that this latest addition to the bank’s award-winning MLIS alternative UCITS platform provides a comprehensive investment solution with a singular focus on global, hard catalyst corporate events.
