BoAML’s MLIS (Merrill Lynch Investments Solutions) platform is a market leader, hosting seven UCITS-compliant funds as of mid July 2010: just over USD1.5 billion in AUM. And it shows no sign of letting up. “We have ambitious growth plans in the UCITS fund space,” says Paul Holmes, Director EMEA Fund Solutions Group. “Due to launch in the next few weeks are the MLIS Zweig DiMenna US Equity Long-Short fund, the MLIS York Asian Event-Driven Fund and the MLIS FrontPoint / Eagle Currency Fund.” With UCITS IV approaching, Holmes welcomes it as another step forward on the long road towards a pan-European funds framework, and says that BOML’s strategy will be to build on its number one position. “We will only work with hedge fund managers that we believe bring best-of-breed capabilities in their chosen field and where the UCITS offering, if not a clone of the offshore fund, brings the managers' core competencies to the onshoremarket.”