Mellon Global Alternative Investments is to launch a hedge fund of funds product, the Mellon Global Alternative Investments Fund. This will be an Irish domiciled and listed umbrella fund with two sub funds. Mellon is seeding the fund with US$40m with its own capital and it is anticipated the fund will be open to external investors from 1st July 2001. Minimum investment levels will be $125,000 for each fund.
The first sub fund, Mellon Sanctuary, will invest in a diversified portfolio of relative