WEST PALM BEACH, FL (HEDGECO.NET) – Mellon Global Alternative Investment announced the launch of a new-Dublin based fund of hedge funds. The new product, named Mellon Sanctuary 2, was launched as aresult of what Mellon described as �a growing demand for such investment products.�
Fund of hedge funds have increasing become popular by enabling investors to achieve a greater level of diversification, thereby spreading risk. Mellon has been aggressively launching hedge fund related investment portfolios. The asset manager also said it is in the planning stages of launching another product later this year. The proposed product will be dedicated to trading global bonds and currency, according to a company statement.
Mellon has released no further details on the new fund of hedge funds product or the bond and currency fund.
Mellon Alternative Investments is a subsidiary of Mellon Group, headquartered in Pittsburgh, PA. Mellon is one of the world’s leading providers of financial services for institutions, corporations and high net worth individuals. They provide institutional asset management, mutual funds, private wealth management, asset servicing, human resources services and treasury services. Mellon oversees about $3.5 trillion of global investor assets.
Paul Oranika
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HedgeCo.Net
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