Fund launches & closures

Platforms launch plethora of new funds

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Alceda Fund Management and Bank of America Merrill Lynch have added a number of absolute return UCITS strategies onto their respective Luxembourg-domiciled platforms.

Alceda has launched an absolute return UCITS fund from Stockholm-based RPM Risk & Portfolio Management on its platform.

Merrill Lynch Investment Solutions has added three funds: Perella Weinberg Partners Sustainable Resources Long/Short UCITS Fund, TT Financials UCITS Fund and Westchester Merger Arbitrage UCITS Fund.

RPM is an alternative investment house that focuses on directional investment strategies, specifically managed futures and global macro, and was founded in 1993. This is the third international UCITS fund to launch