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BNY Mellon Launches Hedge Fund

Nov 14, 2013
Jing Chen

Bank of New York Mellon has launched a hedge fund unit led by a former Brevan Howard Capital trader.

Investment News reported that Edward George Fisher is the chief executive officer of 484Wall Capital Management, which opened in September.

The firm utilizes a similar fixed-income arbitrage strategy to that of 5:15 Capital Management, the now-defunct hedge fund firm launched by Fisher and two other former Brevan Howard traders.

BNY Mellon has approximately $27.4 trillion in assets under custody and administration.

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