Ex-Mellon Global Heads Found Fund Of Hedge Funds

Jul 26 2010 | 1:41pm ET

Derek Stewart and Scott MacDonald have founded Carduus Capital. The new firm will begin fundraising for its maiden fund of funds later this year.

Stewart and MacDonald formerly led Bank of New York Mellon’s Mellon Global Alternative Investments, one of the three funds of funds owned by that firm. Both left BNY Mellon in May, four months after the firm announced it would consolidate its three fund of funds businesses under its EACM Advisors.


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