James Gruver
Mellon Global Investments has picked up a $10 million mandate from MasterSuper for its Mellon Global Alpha Trust.
The managing director of Mellon Global Investments in Australia, James Gruver, said the MasterSuper mandate followed on from recent appointments by several other institutional investors.
The mandate invests in the Australian-domiciled Mellon Global Alpha Trust — a relative value multi-manager product launched in early 2004 that is sub-advised by the Global Alpha Team at Mellon Capital Management Corporation.
Gruver said Mellon Capital had achieved significant new business growth from high alpha strategies and now managed over $1.2 billion in global alpha and activity currency for Australian investors.
