Tineke Frikkee, manager of the £2.52bn Newton Higher Income fund, expects BP to resume dividend payments as early as February next year.
BNY Mellon has launched a Dublin-domiciled version of James Harries' Newton Global Equity Higher Income fund - offering sterling, dollar and euro denominated share classes.
F&C Global Growth fund manager Terry Coles is joining Newton's global equities team in September.
Fund managers have shown their support for oil giant BP despite its record $17bn (£11bn) loss in the second quarter.
Newton's Paul Brain is building up his exposure to the renminbi on expectations it will continue to appreciate against the US dollar.