BNY Mellon to acquire $23bn US fixed income specialist

Anna Fedorova
clock

BNY Mellon is set to acquire US-based fixed income and solutions specialist Cutwater Asset Management, bolstering Insight Investment's capabilities in the process.

The specialist asset manager, which is currently a wholly-owned subsidiary of MBIA, is based in Armonk, New York, and has around $23bn in assets under management. The transaction is expected to close by the start of next year, making Cutwater part of BNY Mellon Investment Management. The new subsidiary will work closely with, and be administered by, Insight Investment, BNY Mellon's fixed income- and absolute return-focused subsidiary. Cutwater offers a wide range of fixed income strategies including long duration, high yield, loans and absolute return. Curtis Arledge (pictured),...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Bonds

Join us today to discuss why 2024 is an attractive entry point for fixed income

Join us today to discuss why 2024 is an attractive entry point for fixed income

Sarka Halas
clock 25 March 2024 • 1 min read
Partner Insight: Moving from cash to corporate bonds ahead of cutting-cycles

Partner Insight: Moving from cash to corporate bonds ahead of cutting-cycles

Fidelity International

Ben Deane, Investment Director, Fixed Income - Fidelity International
clock 19 March 2024 • 13 min read
JP Morgan AM to wind up Sterling Bond fund as assets dwindle

JP Morgan AM to wind up Sterling Bond fund as assets dwindle

Fund size of £29m

clock 18 March 2024 • 1 min read
Trustpilot