|Mellon Capital Management has announced plans to launch a hedge fund in August. According to an article from Reuters, the new fund will be the company’s first fund to include commodities in addition to the usual stocks, bonds, and derivatives. Mellon Capital, which is part of Bank of New York Mellon Corporation (BK), anticipates high demand from pension funds in the latter half of 2009.|
Mellon Capital was founded as an investment advisor in August 1983. The founders of Mellon Capital, William Fouse and Thomas Loeb, are recognized as the originators of value-based tactical asset allocation and index fund management.