Mellon goes long/short

By Charlie Corbett
Thu 24 May 2007

Mellon Global Investments has joined a long list of funds managers tapping into institutional demand for long/short equities funds.

Mellon Global Investments has joined a long list of funds managers tapping into institutional demand for long/short equities funds.

The firm has launched the Mellon Australian Equity Long/Short Trust, which is aimed at Australia's institutional market.

It has been seeded by Australian Wealth Management's asset management arm, United Funds Management.

The fund is sub-advised by Mellon Capital Management in San Francisco and will invest in large and mid-cap stocks.

It will use quantitative process and aims to exploit mis-priced stocks, while minimising exposure to systematic risks.

It will target a tracking error of 5 per cent.

Mellon joins a long line of managers that have established long/short equities funds in response to insatiable demand from investors.

Go to today's InvestorWeekly news

More stories by this author