UCITS platforms proliferate

Fri Dec 2, 2011


Platform providers can play a key role in fund quality control. DATA INCLUDES: 'Top five UCITS funds on a platform' and 'UCITS platforms ranked by absolute return assets'


Miriam Muller 
Merrill Lynch Investment Solutions 
When US-based York Capital Management launched a UCITS version of its event-driven offshore fund, in July 2009, there was never any doubt as to which platform it would use. "We started working on the UCITS product as early as 2007, before the financial crisis," says Jeff Weber, the firm's president. "What helped to interest us in UCITS was our strong relationship with Merrill Lynch, which is a significant distribution partner of ours in the hedge fund market."

The York UCITS was the third fund on the Merrill Lynch Investment Solutions (MLIS) platform, following the launch of the Marshall Wace TOPS market-neutral UCITS in November 2007 and the BlueTrend UCITS (which has since been liquidated) at the end of 2008.

That made it a relatively slow start for the MLIS initiative. "We took our time developing the infrastructure for the platform, launching...

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