BNY Mellon launches global 130/30 fund

Managed by San Francisco-based Mellon Capital Management and part of the Dublin-domiciled Mellon Global Funds range, the fund’s aim is to return 3% above the MSCI World Index using the popular 130% long and 30% short strategy. Between 350 to 400 stocks will be diversified across a wide range of countries, sectors and currencies, using Mellon Capital’s valuation-based quantitative approach. Initially available in the UK and Ireland, the fund will be available to European investors following registration in local markets. “With a track record of managing active equity since 1991 and long/s...