Fund launches & closures

Platform liquidates funds

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Cash has been returned to investors after two sub-funds on an investment bank UCITS platform were liquidated last month.

The funds on the Merrill Lynch Investment Solutions platform that were liquidated are MLIS Perella Weinberg Partners Sustainable Resources Long-Short UCITS Fund, which had assets under management of $20.7 million, and MLIS Boyer Allan Asian Long-Short UCITS Fund which had assets of $18 million.

These are the second and third funds on the MLIS platform to be liquidated. The $600 million UCITS version the BlueTrend systematic trading CTA strategy closed in November 2010 –  officially due to concerns about