WESTCHESTER MERGER ARBITRAGE UCITS FUND

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Event-Driven Global ML Invest Solutions

Merrill Lynch Investment Solutions - Westchester Merger Arbitrage  UCITS Fund


The Merrill Lynch Investment Solutions - Westchester Merger Arbitrage  UCITS Fund offers access to Westchester Capital Management LLC’s (“Westchester”) long-short equity approach, within a UCITS-compliant Fund.

A global, merger arbitrage hedge fund which principally invests in publicly announced mergers, acquisitions, takeovers and other corporate reorganizations, with the goal of profiting from the timely completion of these transactions.

Investment philosophy

  • Utilizes qualitative, quantitative and fundamental  analyses to identify positions
  • Focuses on highly liquid situations throughout the globe
  • Broadly diversified portfolio containing 40-65 positions


The Investment Opportunity

The Fund, as a UCITS Luxembourg fund, offers:

  • Access to alternative strategies (this includes investments outside of the traditional asset classes of stocks, bonds and cash) through an approved regulatory framework.
  • Defined investment and Value at Risk (“VaR”) limits.
  • Daily liquidity.

 

This Fund is authorised to invest upto 35% of its assets in transferable securities and money market instruments issued or guaranteed by an EU Member State, one or more of its local authorities, a Non-EU Member State or a public international body to which one or more EU Member States belong. This Fund may invest upto 100% of its assets in transferable securities and/or money market instruments issued or guaranteed by an EU Member State or its local authorities, a Non-EU Member State or a public international body to which one or more EU Member States belong.

Due to its portfolio composition and/or the investment techniques used in connection with its management, this Fund may have high volatility (i.e., the prices of shares may rise or fall within short periods).

The prospectus, supplement and simplified prospectus/Key Investor Information Document (KIID), as well as the latest periodic reports and constitutional documents regarding the fund, are available in English from the "Legal Documents" area of this website. Contact details of the facilities where physical copies of such documents are available free of charge are set out here.

“Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker dealer and a member of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.

 

Investment in the funds described on this website carries a substantial degree of risk and places your capital at risk. There can be no assurance that the investment objectives of the fund will be achieved and investment results may vary substantially over time. The price and value of investments can go down as well as up and an investment in the fund may be subject to sudden and large falls in value.You may not get back the original amount invested and you may lose all of your investment. Investment in the funds described on this website is not suitable for all investors. If you are in any doubt as to the suitability of an investment in a fund for you, you should consult an independent financial advisor. The offering documents for the funds contain risk warnings which are specific to each fund and you should only invest in a fund once you have carefully read and understood the prospectus and simplified prospectus/Key Investor Information Document (KIID)for the fund. The prospectus, the simplified prospectus/KIID and the latest periodic reports for each fund are also available free of charge (contact details of the facilities where such documents are available are set out on the web-page of the relevant fund).

 

The information on this website does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in any security including, but not limited to, shares in the funds.

 

Tax treatment depends on your individual circumstances and may be subject to change in future.