BNY Mellon Asset Management Awarded Two Global Equities Mandates by Japan's Largest Pension Fund
May 05 2009 - 10:20AM
PR Newswire (US)
Newton and Walter Scott selected to manage portfolios LONDON and
TOKYO, May 5 /PRNewswire-FirstCall/ -- BNY Mellon Asset Management,
the global asset management arm of The Bank of New York Mellon, has
announced its selection to manage two global equity mandates on
behalf of Japan's public pension fund, the Government Pension
Investment Fund (GPIF). GPIF has investible assets of approximately
US$1.5 trillion, and is one of the world's largest public pension
funds. Following a review of its existing fund managers, GPIF
appointed two BNY Mellon Asset Management boutique investment
managers, Newton Investment Management Limited and Walter Scott
& Partners Limited, to manage global equities ex-Japan. The two
individual mandates will be managed by members of the global equity
teams at Newton, based in London and at Walter Scott, based in
Edinburgh. Each mandate will be benchmarked to The MSCI Kokusai
index. Both asset managers offer a wealth of investment experience.
Newton has been managing global mandates for 30 years and applies a
single portfolio approach to running global equity portfolios. Over
70% of Newton's mandates are globally invested with over US$26
billion in global equity mandates. Walter Scott is a global equity
investment manager and has managed money for institutional
investors around the world for over 25 years. "Competitive
performance, innovative products, and a history of client service
excellence continue to position all of our asset management
boutiques well against our competitors," said David Jiang, CEO of
BNY Mellon Asset Management Asia Pacific. "As a business, we are
constantly reviewing the offering to our clients and aiming to
provide the highest quality of products and services in the market
place, so it's very rewarding to be awarded two such prestigious
mandates by Japan's most respected pension fund." Jon Little, vice
chairman of BNY Mellon Asset Management, added: "Japan is a key
market for The Bank of New York Mellon and our business is growing
significantly in the region. Our multi-boutique model means we are
uniquely positioned to offer clients a variety of expertise. This
appointment reflects our strength in depth and ability to match
client needs with investment solutions." Notes to Editors Newton
Investment Management Limited is a London-based global asset
management subsidiary of The Bank of New York Mellon Corporation
and part of BNY Mellon Asset Management. With assets under
management of more than $48 billion, including assets managed as
dual officers for The Bank of New York Mellon, the company provides
a broad range of award-winning investment products and services to
individuals, pension funds, charities and corporations. News and
other information about Newton is available at
http://www.newton.co.uk/. Walter Scott & Partners Limited is
one of BNY Mellon Asset Management's specialist asset managers.
Established in 1983 in Edinburgh, Walter Scott & Partners
Limited is a classical, fundamental and long-term global equity
investment management firm that manages portfolios for
institutional clients drawn from around the world. With over $19.5
billion of assets under management, the company manages global,
regional, single country and emerging markets mandates. BNY Mellon
Asset Management is the umbrella organisation for The Bank of New
York Mellon Corporation's affiliated investment management firms
and global distribution companies. 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 $19.5 trillion in
assets under custody and administration, $881 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/.
All information source BNY Mellon Asset Management as at 31 March
2009. Newton Investment Management Limited is part of the Newton
group of affiliated companies, of which Newton Capital Management
LLC provides marketing services in the U.S. for Newton Capital
Management Limited, an investment adviser registered under the
Investment Advisers Act of 1940. This press release is qualified
for issuance in the UK 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 authorised. This press release is issued by BNY
Mellon Asset Management (US) and BNY Mellon Asset Management
International Limited (ex-US) 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 of BNY Mellon Asset Management
International: 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(SM). DATASOURCE: The
Bank of New York Mellon Corporation CONTACT: Vee Montebello, +44 20
7163 6246, , or Louisa Bartoszek, +44 20 7163 2826, Web Site:
http://www.bnymellon.com/
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