Pinnacle launches new BNY Mellon IM fund

By Reporter
 — 1 minute read

Pinnacle has partnered with BNY Mellon Investment Management to launch a global listed infrastructure yield fund.

Australian investors will have access to a domestic version of BNY Mellon Investment Management's global infrastructure yield fund following and agreement with Pinnacle Investment management.

Pinnacle, which distributes and markets managed funds on behalf of boutique fund managers, has agreed to create a retail version of the US fund for BNY Mellon IM.


Pinnacle Fund Services, which is fully owned by Pinnacle, will be the responsible entity of the fund.

The fund will be sub-managed by BNY Mellon Asset Management with James Lydotes as lead portfolio manager. Mr Lydotes will be supported by portfolio manager Brock Campbell and global investment strategist William Adams.

“The Australian domiciled fund will hold approximately 20–40 securities and intends to apply the same approach as the existing offshore portfolios managed by the team, equivalent to $1.7 billion,” said a statement by BNY Mellon IM.

BNY Mellon IM Australia country head Phillip Filippelis said: To date our Australian business has focused on providing Australia’s largest superannuation funds and institutional investors access to our world leading investment managers.

Partnering with a well-respected group such as Pinnacle will enable Australian financial advisers and retail investors access to that same world-class investment expertise their larger counterparts have enjoyed, Mr Filippelis said.

Mr Lydotes said: “One of our key differentiators is the way we look at the infrastructure universe more broadly than a number of competitors in the market.”

“This enables us to invest against the herd and consistently find attractive investment opportunities across different sectors and regions,” Mr Lydotes said.


Pinnacle launches new BNY Mellon IM fund
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