Hedge Funds

Ex-Mellon duo launch macro and fixed-income products


Michael Ho and Todd Saunders, both formerly key portfolio managers at Mellon Capital Management, have banded together to form Kévian Capital. The San Francisco-based firm recently launched two quantitatively-driven hedge funds that focus on the global macro and fixed-income markets, respectively. The firm opened its doors with $25 million in assets.

Ho was most recently the chief investment officer for the Marcuard family office in Zurich. Before that, he was the director of hedge funds at Mellon where he held posts as the head of the hedge fund business, chief strategist for the firm's global macro hedge fund and