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Alternative Market Briefing

BNY Mellon, Insight launch their first US absolute return mutual fund

Thursday, December 10, 2015

Benedicte Gravrand, Opalesque Geneva:

BNY Mellon Investment Management has launched the BNY Mellon Absolute Insight Multi-Strategy Fund, an absolute return multi-strategy fund available in a liquid alternatives mutual fund vehicle. It will be sub-advised by Insight Investment, a BNY Mellon investment boutique which manages $27bn in liquid alternative strategies.

This will be the first mutual fund launch in the US to be managed by Insight. According to the announcement, it is "substantially similar to Insight's flagship multi-strategy absolute return capability, which has a 10-year track record of providing resilient absolute returns through episodes of market dislocation, within a registered fund format." It seeks to generate positive returns over rolling 12-month periods, with low volatility and low correlation to stocks and bonds.

Sonja Uys, the lead fund fund manager and a member of Insight’s Absolute Return Investment Committee, said: "Faced with the prospect of increased market volatility, we find that investors are looking for strategies that can be resilient through turbulent periods. Our Fund can invest across a range of absolute return investment strategies in order to achieve a high degree of built-in diversification. Investors might consider it as part of a low-......................

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