Insight Investment to work with America’s Cutwater

Signing dealBNY Mellon has appointed its European subsidiary, Insight Investment, as the administrator to a US-based fixed income specialist it acquired this month, Cutwater Asset Management. Cutwater, which manages $22 billion (€18.4 billion) of assets, will operate as part of BNY Mellon's investment management business, which has $1.6 trillion in total assets under management, and will work closely with Insight Investment. Cutwater offers a range of US fixed income strategies including core, long duration, high yield, loans, absolute return and liability risk management, which BNY Mellon says will further its own fixed income research and portfolio management capabilities. BNY Mellon announced its intention to acquire Cutwater from New York-based financial services company MBIA on October 6, 2014, and completed the process on January 2 this year. In a November 2014 update, Colm McDonagh, head of emerging market fixed income at Insight, said the firm anticipated continuing demand for high yields from emerging markets, and identified a further slowdown in global growth as a concern. ©2015 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.