York Capital Management has become the third hedge fund to join Bank of America’s UCITS III platform, which will give the firm access to European markets no matter what regulations are eventually adopted.

The new York Event-Driven UCITS Fund employs a strategy similar to York’s flagship US$3.1 billion multi-strategy fund. The UCITS fund, which is the first event-driven offering in the Bank of America platform, launched on July 29 and has already garnered US$100 million.

“Our investment approach couples fundamental, research-driven financial and business analysis with an experienced view of global markets and industrial trends,” said Christophe Aurand, CEO of York UK Advisors. “The Fund's investment objective is to achieve attractive risk-adjusted returns, by targeting companies experiencing corporate catalysts, and the Fund benefits from operating through a first class UCITS III platform.”

The new fund, available at the attractive minimum investment of US$1,000—U.S. investors need not apply—is managed by York founder Jamie Dinan and Dan Schwartz, the firm’s chief investment officer. Among its substrategies are risk arbitrage, event equities, value equities and credit.