AQR Capital Management and Bank of America Merrill Lynch have announced the launch of the AQR Global Relative Value UCITS Fund, offering access to AQR Capital Management’s Global Relative Value investment style as part of Bank of America Merrill Lynch’s UCITS III compliant funds platform.

The fund, employing a team-managed investment process led by Principal Ronen Israel, pursues a diversified investment approach across arbitrage, equity and macro strategies.

The AQR Global Relative Value UCITS Fund was launched on 26 January 2011 and is the 10th fund to be established on the UCITS compliant Luxembourg SICAV - Merrill Lynch Investment Solutions - and the first Global Relative Value Strategy therein.

AQR has been appointed as the investment manager to the fund with Merrill Lynch International acting as sponsor.

Eric Personne, head of EMEA Fund Solutions at Bank of America Merrill Lynch said, “We are delighted to partner with managers of AQR’s quality on our UCITS platform and look forward to working closely with Ronen and the other senior members of the Fund’s investment committee including AQR Managing and Founding Principal Cliff Asness. 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.”

According to David Kabiller, AQR Founding Principal and head of Client Strategies, “AQR is proud to offer the UCITS compliant Fund which takes advantage of AQR’s nearly 15 years of experience managing funds with a liquid and transparent approach.”