BNY Mellon makes acquisitions

Buys manager, private equity stake

By Christine St Anne
Wed 20 Jan 2010

The global investment manager continues to add to its boutique fund manager line-up.

BNY Mellon Asset Management has bought investment manager Insight Investment and acquired a 20 per cent stake in private equity firm Siguler Guff.

"These strategic investments demonstrate BNY Mellon Asset Management's continued commitment to building a world class stable of investment capabilities to offer investors," BNY Mellon Asset Management chief executive for Australia Bruce Murphy said.

"Both these managers are already actively involved in the Australian marketplace and offer a range of innovative investment solutions."

The London-based Insight Investment specialises in liability driven investment, fixed income and absolute return products.

The firm is the third-largest manager of United Kingdom pension funds.

Headquartered in New York, Siguler Guff focuses on private equity products in distressed debt and emerging markets.

The firm has a number of Australian clients including ESI Super, Funds SA and HESTA.

BNY Mellon Asset Management has 20 affiliated investment managers, all owned by the group except for Siguler Guff and the Asian equity manager Hamon. The firm also owns a 20 per cent stake in Hamon.

Globally, BNY Mellon Asset Management oversees $1 trillion in funds under management (FUM). Locally, the firm has over $20 billion in FUM.

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