BNY Mellon Asset Management Launches Two New Investment Boutiques
February 09 2009 - 5:30AM
PR Newswire (US)
Ankura Capital and Blackfriars Asset Management join BNY Mellon's
unique multi-boutique model BOSTON, LONDON and SYDNEY, Australia,
Feb. 9 /PRNewswire-FirstCall/ -- BNY Mellon Asset Management, the
global asset management arm of The Bank of New York Mellon, has
announced the launch of two investment boutiques, one focused on
the management of domestic Australian equities, the other on
emerging markets equities and global fixed income. The launch of
Ankura Capital Pty Limited and Blackfriars Asset Management Limited
follows The Bank of New York Mellon's purchase of two investment
subsidiaries from its joint venture with WestLB in December 2008.
Headquartered in Sydney, Australia, Ankura Capital manages
approximately AUS$1 billion in Australian equities and has a
primarily Australian client base. The firm follows a quantitative
investment approach combined with a qualitative risk management
overlay, adaptive to changing environments, and has significantly
outperformed the S&P/ASX200 index over one, three and five
years*. Research input is derived from direct market observations
that are more pragmatic than theoretical. Ankura Capital will
retain all investment staff as well as a management team that has
been working together since 1995. Greg Vaughan will continue as
managing director and chief investment officer. Blackfriars Asset
Management focuses on global and regional emerging markets equity,
debt, and global fixed income, where its established team has
delivered a top quartile ten year track record**. Headquartered in
London, England, and with more than US$2.3bn in assets under
management, Blackfriars Asset Management will continue to be led by
Hugh Hunter, chief executive officer. As wholly-owned investment
managers within BNY Mellon Asset Management's unique multi-boutique
structure, both firms will enjoy complete investment autonomy under
the umbrella of one of the world's leading financial services
companies. Additionally, the firms will have access to BNY Mellon
Asset Management's extensive global distribution franchise.
Commenting on the launches, Ronald P. O'Hanley, president and chief
executive officer of BNY Mellon Asset Management, said: "Despite
the challenging economic environment our business is well
positioned to weather the current market uncertainty. The launch of
these two new boutiques recognises our ability to meet clients'
needs as they look to alternative sources for alpha." Jon Little,
vice chairman of BNY Mellon Asset Management and responsible for
the oversight of the firm's international investment management
firms, added: "Accelerating the already significant growth of our
asset management business in Australia and the Asia Pacific region
as a whole is a key strategic priority for us. In addition, many
emerging markets economies are in a position of relative strength
compared to their Western counterparts. We see increased investment
opportunities in this area, and in our dialogues with clients
globally many of them are looking at these types of strategies to
drive the growth of their investment portfolios." Notes to editors:
The Bank of New York Mellon Corporation 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. The company 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
US$20.2 trillion in assets under custody and administration, US$928
billion in assets under management and services more than US$11
trillion in outstanding debt. Additional information is available
at bnymellon.com. *Source Intech to 31/12/08. **Source Morningstar
to 31/12/08. Ankura Capital Pty Limited and Blackfriars Asset
Management Limited are not currently registered in the U.S. to
publicly offer services. All information source BNY Mellon Asset
Management International Limited as at 31 December 2008. This press
release is issued by BNY Mellon Asset Management International
Limited 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: The Bank of New York Mellon Centre, 160 Queen
Victoria Street, London, EC4V 4LA. Registered in England no.
1118580. Authorised and regulated by the Financial Services
Authority A Bank of New York Mellon Company DATASOURCE: The Bank of
New York Mellon Corporation CONTACT: Jamie Brookes,
+44-20-7163-2146, ; or Mike Dunn, +1-212-922-7859, Web Site:
http://www.bnymellon.com/
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