Fund Management
BNY Mellon Unveils Global Multi-Strategy UCITS Fund

BNY Mellon Investment Management has launched new global multi-strategy Irish-domiciled UCITS absolute return fund based on the Absolute Insight range.
BNY Mellon Investment
Management has launched a new global multi-strategy
Irish-domiciled UCITS absolute return fund based on the Absolute
Insight range.
The BNY Mellon Absolute Insight Fund is run by Insight Investment
and invests across a range of absolute return strategies managed
by Insight’s specialist equity, fixed income and multi-asset
teams, headed by Sonja Uy, BNY Mellon said in a statement.
The fund, which aims to achieve positive returns on a rolling
12-month basis, launches with €90 million of client seed money
from six countries across Europe.
It will aim to mirror the holdings of the existing UK-domiciled
(non-UCITS) Absolute Insight Fund as close as possible, thereby
offering the existing capability within a UCITS wrapper.
The track record of the existing Absolute Insight capability goes
back to 2005.
It will be offered with retail and institutional share classes
denominated in euro, US dollar, sterling and Swiss francs.
“There is a clear and present demand for absolute return products
particularly as they give investment managers even greater
flexibility to deliver positive returns. Many managers claim to
offer absolute return, but in reality few really deliver positive
returns on a rolling 12-month basis. Given the proven success of
Insight’s absolute return capability and the breadth and depth of
its expertise, Insight was ideally placed to work with us in
developing the new fund,” Matt Oomen, head of EMEA intermediary
distribution at BNY Mellon, said.