BOSTON and LONDON, May 5, 2011 /PRNewswire/ -- Standish Mellon Asset Management Company LLC, the fixed income specialist for BNY Mellon Asset Management, was named Best Eurozone Fixed Income Manager in Asian Investor magazine's Investment Performance Awards for institutional funds management for the second year in a row.
Commenting on the 2011 award, Desmond Mac Intyre, president and chief executive officer of Standish, said: "Our Eurozone fixed income strategy continues to attract considerable interest from institutions that favor our active sector allocation and security selection process. Our ability to effectively and consistently rotate in and out of fixed income sectors in both rising and falling interest rate and credit environments has been the primary reason for Standish to deliver such performance."
David Leduc, chief investment officer of Standish, added: "We are pleased that our team has once again been recognized for its expertise. Our analysts have been working diligently to uncover investment opportunities by combining in-depth fundamental research with a variety of proprietary regression models that help forecast the direction and degree of changes in spreads."
Notes to editors
Standish Mellon Asset Management Company LLC, with more than $80 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. Standish also offers full service capabilities in Insurance and Global Workout Solutions. The firm also includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon.
BNY Mellon Asset Management is the umbrella organisation for BNY Mellon's affiliated investment management firms and global distribution companies.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.5 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.
All information source BNY Mellon Asset Management as at 31/03/11. This press release is qualified for issuance in the UK and US and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorised. This press release is issued by BNY Mellon Asset Management (US) and BNY Mellon Asset Management International Limited (ex-US) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. Registered office of BNY Mellon Asset Management International: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the Financial Services Authority
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SOURCE BNY Mellon