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Frankfurt-based Universal Investments have teamed up with US hedge fund, York Asset Management, to roll out a first-in-class global merger arbitrage newcits: the York Lion Merger Arbitrage Liquidity UI. The fund will have a truly global mandate, investing in liquid securities across established and emerging markets. It will look to capitalize on price discrepancies arising out of M&As and other event-driven situations. “The York Lion Merger Arbitrage Liquidity Fund UI is a great enrichment for UI-Newcits, Universal-Investments platform for the new funds generation of so called Newcits funds”, says UI company spokesperson, Bernd Vorbeck (pictured). BNY Mellon will be the fund’s custodian. Long-term capital returns of 9 per cent p.a. will be targeted.


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