LONDON and NEW YORK, Oct. 16, 2014 /PRNewswire/ -- Newton*, part of BNY Mellon Investment Management, has announced that it has been awarded a $62.5M Global Real Return mandate by The Employes' Retirement System (ERS) of the City of Milwaukee.
ERS is responsible for the management of the city's $5 billion pension fund. The ERS was created by an act of the Wisconsin Legislature in 1937 to provide retirement-related benefits for members and their beneficiaries.
The objective of the Newton Global Real Return Strategy is to achieve an absolute return with low volatility, and significant emphasis is placed on capital protection through the investment in traditional assets. The benchmark unconstrained multi-asset approach utilizes Newton's global thematic investment process, having the freedom to invest across multiple 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 Global Real Return Strategy is an unconstrained evolution of this long-term capability.
"We are delighted by The Employes' Retirement System of the City of Milwaukee's decision and overall confidence in Newton to manage assets on behalf of their plan participants," said James Wylie, Head of Newton, North America. "This appointment reflects the continued success of the global real return strategy as an investment and our continued commitment to providing solutions to clients throughout North America."
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. With assets under management of £50.9bn (as at 30 June 2014) 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 investment products and services to pension funds, charities and corporations. News and other information about Newton is available at www.newton.co.uk or follow us on Twitter @NewtonIM.
The Employes' Retirement System (ERS) of the City of Milwaukee is responsible for the management of the $5 billion pension fund. The ERS was created by an act of the Wisconsin Legislature in 1937 to provide retirement-related benefits for members and their beneficiaries.
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.6 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.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2014, BNY Mellon had $28.5 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. 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). Learn more at www.bnymellon.com, or follow us on Twitter @BNYMellon.
All information source BNY Mellon as of June 30, 2014. This press release is qualified for issuance in the UK, Europe 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 authorized. Any views and opinions contained in this document are those of the investment manager, unless otherwise noted. This press release is issued by BNY Mellon Investment Management (US) and BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) 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. The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When you sell your investment you may get back less than you originally invested. Registered office of BNYMIM EMEA: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Conduct Authority. A BNY Mellon Company.
SOURCE Newton; BNY Mellon