Performance

Another absolute return UCITS fund hits $100 million landmark

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An absolute return UCITS fund launched by BNY Mellon Asset Management earlier this year has hit the $100 million mark.

The Dublin-domiciled, absolute return equity launched at the end of January is managed by Insight Investment Management which is part of BNY Mellon. 

The fund’s investment process capitalises on the skills and stock picking experience of the team and is grounded in the paired-trade approach which Insight’s specialist equity team has applied within its Absolute Insight UK Equity Market Neutral Strategy since May 2005. 

The fund has no geographical constraints, initial focus has been on pan-Europe, with a