Bank of America’s Merrill Lynch wealth management unit is pulling $82 million in client assets out of John Paulson’s Advantage Access Fund due to volatility and liquidity concerns, multiple sources with familiarity of the situation tell ValueWalk. BAML confirms withdrawal from Paulson advantage fund A spokeswoman at Merrill Lynch confirmed the withdrawal in a statement to ValueWalk: “As part of our commitment to our clients, we provide rigorous initial due diligence and ongoing detailed analysis of all funds on our platform, and remain in constant dialogue with fund managers regarding changes to the funds or their management.” When reached, a…
BAML Withdraws From Paulson Advantage Fund
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.