BNY Mellon wins Commonwealth Bank mandate
Newton Investment Management, part of BNY Mellon Investment Management, has been awarded a mandate from Commonwealth Bank Group Superannuation scheme.
Newton’s Global Real Return strategy applies a multi-asset approach while investing in traditional assets such as equities, bonds and selective alternative securities.
BNY Mellon investment Management Australia’s country head, Phil Filippelis, said: “Newton’s Global Real Return strategy balances the need for outcome based solutions with capital preservation, two important characteristics investors are seeking in these uncertain times”.
“Launched in 2004, the strategy has a long and successful track record managing assets throughout various market cycles.”
Newton’s Real Return team currently manages $26 billion on behalf of institutions, charities, corporations and private individuals in the UK, Europe, Asia Pacific and the United States.
Recommended for you
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.