BNY Mellon Offers Global Macro Hedge Fund

Apr 24 2008 | 10:09am ET

BNY Mellon Asset Management has launched the BNY Mellon Enhanced Coefficient Select Fund, a global macro hedge fund, aimed at institutional investors.

The fund takes long and short positions across developed equity markets, sovereign fixed income, high yield and developed and emerging currencies, employing a variety of models with both shorter- and longer-term holding periods.

The fund is managed by Coefficient Global, a division of Standish Mellon Asset Management. Standish Mellon is one of BNY Mellon's asset managers focused on fixed income and absolute return strategies.

“Even though we focus mainly on liquid assets and markets, our systematic process can identify mispricings, based on other investors' biases, that enable us to structure profitable investment strategies for the fund,” said Lex Huberts, chief investment officer of Coefficient Global.

Standish Mellon was founded in 1933 and managed some US$170 billion in assets at the end of last year.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.