Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

2251

BNY Mellon launches two investment boutiques

RELATED TOPICS​

BNY Mellon Asset Management, the global asset management arm of The Bank of New York Mellon, has announced the launch of two investment boutiques.

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 is focused on the management of domestic Australian equities, the other on emerging markets equities and global fixed income.

The launch of Ankura Capital and Blackfriars Asset Management follows Bank of New York Mellon’s purchase of two investment subsidiaries from its joint venture with WestLB last December.

Headquartered in Sydney, Australia, Ankura Capital manages approximately AUD1bn 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.

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. Headquartered in London and with more than USD2.3bn 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 multi-boutique structure, both firms will have complete investment autonomy. Additionally, the firms will have access to BNY Mellon Asset Management’s global distribution franchise.

Ronald P. O’Hanley, president and chief executive officer of BNY Mellon Asset Management (pictured), says: "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, adds: "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."

Latest News

RQI Investors, an Australian-based active quantitative equities manager and part of the First Sentier Investors..
UK-based wealth management companies London & Capital and Waverton have announced that they have reached..
Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence..

Related Articles

British pound coin
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates at the Pensions and Lifetime Savings Association investment conference have heard...
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates..
Sustainable Economy Top Panel
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Pension funds
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s net zero and levelling up ambitions...
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s..
Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by