BNY launches absolute return fund
Wed Feb 2, 2011
BNY Mellon Asset Management is launching its first UCITS hedge fund which will be managed by Insight Investment Management.
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
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...
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