Financial services giant BNY Mellon is reportedly closing the liquid alternative version of its BNY Mellon Absolute Insight fund following a significant redemption from a large shareholder. The fund will close on December 1, according to an article in Citywire. It sought the gross return of the 1-month EURIBOR benchmark rate plus 4-6% on a rolling annualized 5-year basis, the article said. It pursued this via a number of strategies, including equity, credit, currency and global macro positions.