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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...