BNY Mellon Asset Management Selected by Taiwan Bureau of Labor Insurance to Manage US$200 Million in Global Fixed Income

Fixed Income specialist, Standish, sees growing opportunities in Asia

Jan 27, 2010, 07:40 ET from BNY Mellon

BOSTON, Jan. 27 /PRNewswire-FirstCall/ -- Standish Mellon Asset Management Company LLC ("Standish"), the fixed income specialist for BNY Mellon Asset Management, has been named to manage a US$200 million global fixed income mandate by Taiwan's Bureau of Labor Insurance.

The mandate covers a wide range of fixed income instruments including government, supranational, corporate and securitized assets.

"We continue to see new business in eastern Asia as institutional investors in the region increase their commitment to global fixed income," said Ronald P. O'Hanley, president and chief executive officer of BNY Mellon Asset Management.  "Our clients in Asia have been particularly interested in the strong risk-adjusted returns that Standish has achieved."

"We are seeing growing interest in global fixed income as institutions increasingly see its value as a diversifier and potential return enhancer relative to their domestic bond portfolios," said Desmond MacIntyre, president and chief executive officer of Standish.  "Global bonds are a very good way to take advantage of differential growth rates around the world.  Fast-growing economies are likely to offer opportunities to investors in both sovereign and corporate debt securities and Standish is ideally placed to identify and capture these opportunities for our clients."

Notes to Editors:

Standish Mellon Asset Management Company LLC, with $63 billion of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. These include corporate credit (investment-grade and high-yield), emerging markets debt (dollar-denominated and local currency), core / core plus and opportunistic (U.S. and global) strategies.   The firm also includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon, each a subsidiary of The Bank of New York Mellon Corporation.  

BNY Mellon Asset Management is the umbrella organisation for BNY Mellon's affiliated investment management firms and global distribution companies.

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