Английская Википедия:BNY Mellon Investment Management

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BNY Mellon Investment Management (also known as BNY Mellon IM and BNY Mellon Asset Management) is the investment management division of BNY Mellon. It is one of the largest asset managers in the world. BNY IM uses seven different specialized investment managers, each with its own strategy and expertise to manage investments.

History

BNY Mellon IM traces its origins to BNY Asset Management and Mellon Asset management which were the asset management divisions of Bank of New York and Mellon Financial respectively.

In July 2007, BNY Mellon was created from the merger of the Bank of New York and Mellon Financial and BNY Mellon IM was created as a result of merging BNY Asset Management and Mellon Asset management. At the time of the deal, Melllon Asset management was far larger of the two with $930 billion (around 85%) in assets under management while BNY Asset management only had $179 billion under management. Under Melllon Asset management were the units Dreyfus, Newton, Walter Scott, Boston Company Asset Management and Standish Mellon Asset Management. Under BNY Asset management were the units Ivy Asset Management, Alcentra and Urdang Capital Management. The deal favoured the executives from Melllon Asset management who obtained senior positions at the newly formed division including its CEO, Ronald O’Hanley who became BNY Mellon IM 's CEO. In contrast several senior executives from BNY Asset Management left shortly after the merger was complete.

In 2007, BNY Mellon IM acquired Brazilian asset management firm, ARX Capital Management.

In 2009, BNY Mellon IM acquired Insight Investment from Lloyds Banking Group for £235m. In the same year BNY Mellon IM acquired a 20% stake in Siguler Guff.

In early 2010, BNY Mellon IM closed its fund of hedge funds, Ivy Asset Management. Client interest in it declined after 2006 due to its involvement with Amaranth Advisors which resulted in significant losses. At the same time, New York Attorney General Andrew Cuomo was investigating it due to its involvement in advising clients to invest with Bernie Madoff. In November 2012, Ivy Asset Management reached a $210 million settlement with US authorities for its involvement with Madoff.

In October 2012, BNY IM acquired the remaining 50% of WestLB Mellon Asset Management, a joint venture formed in early 2006 between Mellon Financial and WestLB. In December 2012, it was renamed to Meriten Investment Management. In August 2015, it was sold to ODDO BHF.

In September 2017, BNY Mellon IM sold its real assets unit, CenterSquare Investment Management (which was previously Urdang Capital Management until it rebranded in 2013) to Lovell Minnick Partners.

In 2018, BNY Mellon IM merged three of its investment firms (Mellon Capital Management, Standish Mellon Asset Management and The Boston Company Asset Management) to form a new unit called Mellon Investments.

In 2019, BNY Mellon IM rebranded some of its fund range dropping the Newton, Insight brands and Dreyfus brand names from funds.

In 2020, BNY Mellon IM launched BNY Mellon Investor Solutions, an investment outsourcing services platform .

In November 2022, BNY Mellon IM sold Alcentra to Franklin Templeton Investments for $700 million.

Business overview

Investors of BNY Mellon Investment Management include pension funds, public funds, endowments and foundations.

BNY Mellon Investment Management manages investments through seven different investment managers. They are

• ARX (Brazilian investments)
• Dreyfus (Money market funds and Offshore Liquidity Funds)
• Insight Investment (European investments)
• Mellon Investments (Global investments)
• Newton Investment Management (London-based global investment house)
• Siguler Guff (Multi-strategy private equity)
• Walter Scott (Global equities management)

BNY Mellon Investment Management is headquartered in New York with multiple offices across Europe and Asia-Pacific.

As of March 31, 2023, BNY Mellon Investment Management has US$1.9 trillion assets under management.