Westchester Capital Management, a New York-based merger arbitrage strategy specialist, is launching a new UCITS-compliant fund on the Bank of America Merrill Lynch platform.
The Westchester Merger Arbitrage UCITS Fund will launch on the MLIS platform on 1 July 2011. The fund, which tracks the firms offshore vehicle, known simply as The Merger Fund Ltd, is managed by Roy Behren and Michael Shannon.