Platform Update

 
The Generali Group (Generali), one of the world’s leading insurance and asset management groups, has acquired CM Investment Solutions Limited (CMISL), from Bank of America Merrill Lynch.
 
A recognized leader in the delivery of alternative UCITS (Undertakings for the Collective Investment of Transferable Securities) strategies, with an international and fast growing client base, CMISL will further help Generali’s product offering and distribution capabilities for its clients and distribution partners.
 

Fund in Focus

Millburn Diversified UCITS Fund

 

Launched in 1977, the Millburn Diversified Program (“MDP”) is Millburn’s flagship diversified systematic strategy. The strategy has evolved over the last decade into a sophisticated multi-factor, systematic macro program intended to capture movements in more than 90 futures and currency instruments around the world. The strategy employs advanced statistical learning (i.e. machine learning) technologies to extract more information from an array of different data inputs in an effort to identify opportunities in both rising and falling market environments.

The multi-factor statistical learning framework, which was first implemented in January 2013, has demonstrated a low correlation to traditional investments and a proven track record in delivering a more consistent return stream compared to many other systematic approaches, over multiple market cycles.

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As a result of a transaction involving the sale of CM Investment Solutions Limited (“CMISL”) between Bank of America Corporation and its affiliates (collectively, “Bank of America”) and the Generali group (“Generali”), CMISL is now part of Generali and is no longer part of Bank of America.

Any continued use in this communication or any related documentation of the name or logo of Bank of America Corporation, or any of its affiliates or its trade names such as Bank of America Merrill Lynch, is temporary and for administrative purposes only and does not in any way imply that that this communication or its contents is sent or otherwise endorsed by Bank of America. If you have any questions specifically related to this communication, please contact investfunds@baml.com

Investment in the funds described on this website carries a substantial degree of risk and places your capital at risk. There can be no assurance that the investment objectives of the fund will be achieved and investment results may vary substantially over time. The price and value of investments can go down as well as up and an investment in the fund may be subject to sudden and large falls in value. You may not get back the original amount invested and you may lose all of your investment. Investment in the funds described on this website is not suitable for all investors. If you are in any doubt as to the suitability of an investment in a fund for you, you should consult an independent financial advisor. The offering documents for the funds contain risk warnings which are specific to each fund and you should only invest in a fund once you have carefully read and understood the prospectus and simplified prospectus/Key Investor Information Document (KIID) for the fund. The prospectus, the simplified prospectus/KIID and the latest periodic reports for each fund are also available free of charge (contact details of the facilities where such documents are available are set out on the web-page of the relevant fund).

The information on this website does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in any security including, but not limited to, shares in the funds.

Tax treatment depends on your individual circumstances and may be subject to change in future.