Most of the managers waiting to go onto the Merrill Lynch
Investment Solutions' UCITS platform are US-based, according to
its head, Miriam Muller.
The Luxembourg-domiciled platform launched in 2007 and its
first sub-fund was the Marshall Wace TOPS Market Neutral UCITS
There are seven live funds on the platform and another 12
unnamed confirmed mandates waiting for regulatory approval.
They cover a range of strategies like US, European and China
long/short equity, event driven, foreign exchange,
multi-strategy, commodity trading advisors and merger
London-based Muller says its business plan is to launch up
to 25 best of breed funds and it does not want an unduly large
number of funds on the platform because it will not compromise
She says: "We are targeting best of breed managers and many
of the long established and well regarded hedge fund managers
are in the US. ...