The BNY Mellon Absolute Return Equity Fund is the first fund in its range to be managed by Insight and will be a sub-fund of the Dublin-domiciled BNY Mellon Global Funds.
Abdallah Nauphal: Insight Investment
Launching on Monday 31 January 2011, the fund will be managed by Insight Investment’s specialist equity team, who have established a five year track record of generating positive returns in the Absolute Insight UK Equity Market Neutral strategy.
BNY Mellon bought Insight Investment from Lloyds Banking Group in 2009 for $392million (€276 million/£235million). Insight was originally part of HBoS which was forced to merge with Lloyds following...