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Mellon Capital Management – Mellon Evolution Currency Alpha Fund

Mellon Capital Management

Mellon Evolution Currency Alpha Fund

Type: Oeic

Aim: Growth by investing long and short in derivatives

Minimum investment: Lump sum euros 5,000 or $5,000

Investment split: 100% in derivatives

Place of registration: Dublin

Charges: Initial up to 5%, annual 1.75% for A and H shares, annual 1.10 plus
20% performance fee for P shares

Commission: Subject to negotiation

Tel: 0500 660000


NU doubles size of large case admin team

Norwich Union has doubled the size of its large case administration team.The department, which is designed to provide accessible, expert support to advisers writing larger sums assured, now has 14 staff and handles around 200 cases a week, which equates to a total of £5 billion worth of business underwritten annually.NU head of protection customer […]

Lehman Brothers to close US sub-prime mortgage subsidiary BNC Mortgage

Lehman Brothers is closing its sub-prime mortgage subsidiary BNC Mortgage, losing 1,200 jobs across 23 US locations.In a statement the company says: “Market conditions have necessitated a substantial reduction in its resources and capacity in the sub-prime space.”Lehman will continue to originate mortgages by its Aurora Loan Services platform that focuses on Alt-A mortgages which […]

UK drinking itself to higher protection premiums according to Standard Life

The UK is drinking its way to obesity and making protection far more expensive and in some cases unachievable according to Standard Life.New research shows the average adult in the UK drinks an extra day’s worth of calories each week through alcohol. Each year UK adults drink around 155,000 calories, which adds on average 44lbs […]

Boosting our annuity strategies

Targeting annuity purchase in lifestyle strategies isn’t anything new but we’ve just lifted the bonnet and injected an enhancement shot into the end-point of these solutions. The recent volatility has shot short-term volatility into equity markets and painted a very turbulent backdrop but we’re also equally faced with a stressed fixed interest environment. This can […]


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