State Retirement and Pension System of Maryland Selects Mellon Capital Management to Manage $100 Million in Large Capitalization
March 04 2009 - 7:34AM
PR Newswire (US)
SAN FRANCISCO, March 4 /PRNewswire-FirstCall/ -- Mellon Capital
Management Corporation, part of BNY Mellon Asset Management, has
been selected by the State Retirement and Pension System of
Maryland to manage $100 million in a large capitalization core
strategy. "We are pleased to have been selected by Maryland," said
Oliver Buckley, executive vice president and head of active equity
strategies at Mellon Capital. Buckley, who leads the team managing
this strategy, added, "We offer our clients investment strategies
which aim to outperform their selected benchmarks, in this case a
large cap benchmark, while strictly limiting industry, sector,
market capitalization, and other top-down risk factors. In this
volatile market environment, our multidimensional risk control
methodologies are proving to be even more critical to our
institutional client base." Founded in 1983 by innovators in the
investment management field, Mellon Capital specializes in global
quantitative investment strategies. As of December 31, 2008, the
firm had $152.0 billion in assets under management, including
assets managed by dual officers of Mellon Capital Management and
The Bank of New York Mellon, and $12.9 billion in overlay
strategies. Additional information about Mellon Capital is
available at http://www.mcm.com/. It is part of BNY Mellon Asset
Management, one of the world's largest asset managers. 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 $20.2 trillion in
assets under custody and administration, $928 billion in assets
under management, services more than $11 trillion in outstanding
debt, and processes global payments averaging $1.8 trillion per
day. Additional information is available at
http://www.bnymellon.com/. DATASOURCE: The Bank of New York Mellon
Corporation CONTACT: Mike Dunn, The Bank of New York Mellon
Corporation, +1-212-922-7859, Web Site: http://www.mcm.com/
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