Asset management firm, del Rey Global Investors, has rolled out its first open-end mutual fund. The del Rey Monarch Fund will invest in non-U.S. securities undervalued at the time of acquisition.

The vehicle will be managed by Paul Hechmer, founder of del Rey Global Investors. The firm, which managed over $1.7 billion in assets as of April 30, 2011, is offering the fund with both retail and institutional shares class.

Click here for the release from Business Wire.