Firm hires experienced team to enhance quantitative offerings
BOSTON, Oct. 2, 2018 /PRNewswire/ -- BNY Mellon Investment Management's U.S. Multi-Asset Manager, which will operate under the brand Mellon effective January 2, 2019, has hired an experienced investment team managing quantitative strategies including Risk Parity, Managed Futures and Alternative Risk Premia.
Roberto Croce Ph.D., Berto Brauns and Xuan Huan joined the firm's Boston office. Rob serves as senior portfolio manager and managing director, while Berto and Xuan are senior research analysts. Prior to joining the firm, the team was at Salient Partners, a Houston-based alternative asset manager, where they developed the strategies.
"We are delighted to join a firm with such a strong investment culture," said Croce. "With clients becoming more solutions-oriented, contributing our knowledge and experience to a firm with this breadth of capabilities is very appealing. Leveraging the business's extensive platform and resources will enhance our ability to deliver attractive returns to a broader client base."
The Risk Parity strategy invests in a broad universe of global equities, commodities, sovereign bonds and credit spreads, seeking to generate stable long-term performance through active, risk-based diversification among multiple asset classes. With a track record of more than six years, the Risk Parity strategy is designed to be particularly responsive to changes in market risk and investor sentiment, endeavoring to increase market exposure when market conditions are favorable and reduce market exposure to realize gains and protect against losses when risk appears to increase. The strategy seeks to actively manage risk and deliver a consistent, tailored level of volatility through time.
The Managed Futures strategy takes long and short positions with exposure to global equities, commodities, sovereign bonds and currency markets in an effort to profit from both rising and falling markets. The strategy has a five-year track record and attempts to exploit momentum—the tendency of markets to continue in the same direction they have been going recently—to generate returns.
Jeff Zhang, the firm's CIO, Index and Multi-Asset & Multi-Factor, said, "This team strengthens our liquid alternative capabilities at a time when institutional investors are looking for new investment options and turnkey portfolio solutions."
About the Firm
The merged entity of Standish Mellon, Mellon Capital, and The Boston Company, today operating under the name BNY Mellon Asset Management North America Corporation, will be renamed Mellon Corporation and operate under the brand Mellon effective January 2, 2019. The firm is a leading provider of high-quality single and multi-asset investment solutions using both active and passive strategies for investors globally. With $549.8 billion assets under management as of June 30, 2018, it serves a wide variety of institutional and intermediary clients in over 45 markets globally. The firm's active equity strategies leverage the capabilities developed by The Boston Company; its active fixed income strategies employ the deep fundamentals-based experience of Standish Mellon, and its index, multi-asset/multi-factor strategies incorporate Mellon Capital's advanced systematic processes.
About BNY Mellon Investment Management
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.8 trillion in assets under management as of June 30, 2018. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. BNY Mellon Investment Management is a division of BNY Mellon, which has $33.6 trillion in assets under custody and/or administration as of June 30, 2018. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
SOURCE BNY Mellon Investment Management
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