Wrappers / Structures

German platform launches UCITS version of Lion merger arbitrage strategy


A European UCITS version of US-based York Asset Management's Lion Fund, which uses merger arbitrage strategies, has been launched on Germany’s Universal-Investment alternative investments platform.

The York Lion Merger Arbitrage Liquidity Fund UI is one of the first global merger arbitrage strategies in a UCITS fund format in Europe, according to Bernd Vorbeck, spokesman of Universal-Investments, which has nine funds on its alternative investments platform UI-Newcits and more than €1 billion under administration.

He said: “We are proud to launch the first European UCITS fund with a global merger arbitrage strategy. The York Lion Merger Arbitrage Liquidity Fund