Greenwich, Connecticut-headquartered hedge fund, AQR Capital Management, has joined forces with Bank of America Merrill Lynch to roll out a UCITS III-compliant version of its successfuPARA_BREAK_SENTINEL_9f8e7d6c

Greenwich, Connecticut-headquartered hedge fund, AQR Capital Management, has joined forces with Bank of America Merrill Lynch to roll out a UCITS III-compliant version of its successful AQR Global Relative Value investment strategy. The ‘newcits’ variant was officially launched on 26^th January 2011, reported BAML this week, and becomes the 10^th fund to be onboarded onto Merrill Lynch Investment Solutions (MLIS) – the bank’s industry leading Lux-domiciled UCITS fund platform. It also becomes the platform’s first foray into the realm of Global Relative Value, an investment strategy that AQR’s team, led by AQR Principal Ronen Israel (pictured), pursues across arbitrage, equity and macro strategies. AQR will act as Investment Manager to the fund, with Merrill Lynch as sponsor. “Investors should have access to a diverse set of strategies and by adding funds of this type to the MLIS platform we are further able to offer a comprehensive solution to their investing needs,” said Eric Personne, head of EMEA Fund Solutions at BAML.