LONDON and NEW YORK, June 21 /PRNewswire-FirstCall/ -- Newton*, part of BNY Mellon Asset Management, has announced that one of its UK subsidiaries, Newton Investment Management Limited, has been awarded a Real Return mandate by the Superannuation Arrangements of the University of London ('SAUL').
The objective of the Newton Real Return Strategy is to achieve a real return with a low volatility and significant emphasis on capital protection. The unconstrained multi-asset approach utilises Newton's global thematic investment process, having the freedom to invest across and within asset classes in search for the right mix of portfolio characteristics for the investment outlook that is anticipated.
Newton has been building multi-asset portfolios for clients since its inception in 1978. The Real Return Strategy is an unconstrained evolution of this long-term capability. Commenting on the second SAUL mandate, Helena Morrissey, Chief Executive Officer at Newton*, said: "We are delighted that SAUL has added another mandate to that of the Continental European Equity mandate which we have been managing for almost four years. This appointment is a reflection of our commitment to providing multi-asset investing as a solution based approach for clients."
Penny Green, Chief Executive Officer of SAUL, added: "We are looking forward to continuing to work with Newton on the two investment mandates. We have found that the thematic approach adds value in the equity mandate and are confident that over a multi-asset portfolio the same will hold true."
Notes to Editors:
Newton* is a London-based global asset management subsidiary of The Bank of New York Mellon Corporation and part of BNY Mellon Asset Management. With assets under management of more than $67 billion, including assets managed by Newton Investment Management Limited as dual officers of Newton Capital Management Limited and The Bank of New York Mellon, Newton's group of affiliated companies provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. News and other information about Newton is available at www.newton.co.uk.
Newton Investment Management Limited does not offer services in the United States. Newton offers investment management services in the United States through Newton Capital Management Limited, which is marketed through Newton Capital Management LLC.
BNY Mellon Asset Management is the umbrella organisation for BNY Mellon's affiliated investment management firms and global distribution companies. Information about BNY Mellon Asset Management is available at www.bnymellonam.com.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.
*'Newton' refers to the following group of affiliated companies: Newton Investment Management Limited, Newton Capital Management Limited, Newton International Investment Management Limited, Newton Capital Management LLC and Newton Fund Managers (CI) Limited. Assets under management include assets managed by all of these companies except Newton Capital Management LLC, which provides marketing services in the U.S. for Newton Capital Management Limited. Except for Newton Capital Management LLC and Newton Capital Management Limited, none of the other Newton companies offer services in the US. Newton Capital Management Limited is an investment management firm authorized and regulated in the United Kingdom by the Financial Services Authority in the conduct of investment business and is a wholly owned subsidiary of The Bank of New York Mellon Corporation. Registered in England no: 2675952. Newton Capital Management Limited is registered in the United States as an investment adviser under the Investment Advisers Act of 1940. Newton Investment Management Limited is an investment management firm authorized and regulated in the United Kingdom by the Financial Services Authority in the conduct of investment business and is a wholly owned subsidiary of The Bank of New York Mellon Corporation. Registered in England no: 1371973. All information source BNY Mellon Asset Management as at 31 March 2010. 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 Limited: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the Financial Services Authority. A BNY Mellon Company(SM).
SOURCE BNY Mellon; BNY Mellon Asset Management; Newton*