Insight to acquire currency manager Pareto

Insight Investment Management is set to acquire currency specialist Pareto Investment Management early next year.

The currency risk manager, which has £27bn in assets under management, will become part of Insight, which sits under parent company BNY Mellon. The deal, which is subject to regulatory approval, is expected to complete on 1 January 2013. On completion of the deal, Pareto will remain a separate regulated entity within the Insight group, while Pareto's investment team will become one of Insight's specialist investment teams. Pareto’s capabilities include active and passive currency risk management and it has operations in the UK, the US, Japan and Australia. Abdallah Nauphal, CEO ...