Och-Ziff Capital Management Group (Och-Ziff) and Bank of America Merrill Lynch thane launched the Och-Ziff European Multi-Strategy UCITS Fund (Fund), offering access to Och-Ziff’s European investment expertise, as part of Bank of America Merrill Lynch’s UCITS III-compliant fund platform, Merrill Lynch Investment Solutions (MLIS).
The investment objective of the Och-Ziff European Multi-Strategy UCITS Fund is to achieve consistent, absolute returns with low volatility, primarily by seeking to exploit pricing inefficiencies in equity and debt securities of European companies.
The fund, employing a team-driven investment process led by Och-Ziff’s Head of European Investments, Michael L. Cohen, pursues a diversified investment approach across Long/Short Equity Special Situations, Merger Arbitrage, Convertible/Derivative Arbitrage and Credit strategies.
Och-Ziff has been appointed as the investment manager to the Fund with Merrill Lynch International acting as sponsor.
Daniel S Och (pictured), founder, Chairman and Chief Executive Officer of Och-Ziff, says: "We are pleased to extend investors access to our investment capabilities and talented investment team in Europe through a UCITS III-compliant fund. The Merrill Lynch Investment Solutions – Och-Ziff European Multi-Strategy UCITS Fund further enhances the investment solutions and products we offer our investors."
Mike Stewart, co-head of Global Equities at Bank of America Merrill Lynch, says: “Och-Ziff Capital Management Group is one of the leading global institutional investment management firms and we look forward to partnering with them on our UCITS platform. Och-Ziff has a strong thirteen-year history of investing in Europe and will further offer our investors investing opportunities with a multi-strategy approach.”