Adds US credit and loans expertise
NEW YORK, Oct. 26, 2015 /PRNewswire/ -- Insight Investment ("Insight")—a BNY Mellon Investment Management boutique—today announced that its global fixed income coverage now includes domestic US credit and loans expertise1. The addition of a domestic US fixed income business, a deal completed at the start of the year, has enhanced Insight's research resources and increased capacity in the strategies most widely owned by our international clients: Absolute Return Bonds, Global Active Credit and Buy and Maintain.
The global fixed income team at Insight now includes 97 investment professionals and the team manages $208 billion2. The investment teams based in the US and the UK now share the same global investment process and research methodology. This is deployed within one investment-systems architecture and governance framework.
Adrian Grey, Head of Fixed Income at Insight, said: "The integration of a strong US domestic investment team has deepened our research capability. This means that our globally-focused portfolios can now better reflect the opportunities available in the world's biggest and most diverse credit market. By aligning our research resources, processes and systems across London and New York we believe we have made a material step forward that should enhance the quality and foundations of our portfolios, and support us in seeking superior investment results."
The 29-member strong US domestic fixed income investment team has an average of 11 years' tenure and 18 years' total investment experience. Key strategies managed include core, core plus, US credit and long duration bonds. They are part of a team of more than 80 staff now located at Insight's expanded offices at 200 Park Avenue, New York. The North American business has been operating locally as Insight Investment since July 1.
Cliff Corso, Chief Executive Officer at Insight in North America, said: "We now have the structure to grow and fulfil our ambitions, operating from within an autonomous investment boutique that provides a supportive philosophy and culture. US investors have historically prioritized domestic strategies and the team in New York has a long and competitive track record. The influence of global investment markets on the US market continues to increase, so the fact that our North American investment professionals are now part of a formidable 100-member strong global fixed income team ultimately strengthens our proposition."
Insight has 199 investment professionals globally; of 675 staff in total. The firm has $603 billion2 in assets under management globally and is focused on fixed income, solvency management and solutions, absolute return and unconstrained strategies. Heritage businesses Insight Pareto and Cutwater Asset Management have had a significant presence in North America since 1991.
Notes to Editors:
Insight Investment is a group of leading asset management firms focused on designing investment solutions to meet its clients' needs. Founded in 2002, Insight's collaborative approach has delivered both investment performance and impressive growth in assets under management. Insight manages $603 billion2 globally. In the US Insight offers domestic and global fixed income, absolute return and unconstrained strategies and solvency management and solutions. Investment advisory services in North America are provided through four different SEC-registered investment advisers using the brand Insight Investment: Cutwater Asset Management Corp, Cutwater Investor Services Corp, Pareto New York LLC and Pareto Investment Management Limited. Insight Investment is owned by BNY Mellon, a global leader in investment management and investment services with $1.7 trillion in assets under management, as at June 30 2015.
The value of investments and any income from them will fluctuate and is not guaranteed (this may be partly due to exchange rate fluctuations). Investors may not get back the full amount invested. Past performance is not a guide to future performance. This document must not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or otherwise not permitted.
More information about Insight Investment can be found at: www.insightinvestment.com.
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.7 trillion in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.
A BNY MELLON COMPANYSM
Issued by Insight Investment Management (Global) Limited and Pareto Investment Management Limited. Registered in England and Wales. Registered office 160 Queen Victoria Street, London EC4V 4LA; registered numbers 827982 and 03169281 respectively. Authorised and regulated by the Financial Conduct Authority
1 The US credit and loans expertise is delivered by the investment team from Cutwater Asset Management. Cutwater was acquired by BNY Mellon and has been operated by Insight Investment since January 2015.
2 As at June 30, 2015. Assets under management (AUM) are represented by the value of cash securities and other economic exposure managed for clients. The assets under management figure represents the combined assets under management of Insight Investment Management (Global) Limited, Pareto Investment Management Limited, Insight Investment Funds Management Limited, Cutwater Investor Services Corporation and Cutwater Asset Management Corporation. Cutwater Investor Services Corporation and Cutwater Asset Management Corporation may be referred to collectively as Cutwater Asset Management. Cutwater Asset Management is owned by BNY Mellon and operated by Insight.
Lisa McHugh (U.K.)
+44 20 7321 1444
Ben Tanner (U.S.)
SOURCE BNY Mellon