BNY Mellon shifts active management to affiliates
BNY Mellon shifts active management to affiliates Print Hanneke Smits said the moves mean Mellon Investments will be back where it started, focusing on institutional passive strategies. BNY Mellon Investment Managements decision to shift the active units of its Mellon Investments Corp. business to its affiliate managers is not of particular concern for industry players. The $2.2 trillion money manager said this month that Mellons $105.2 billion fixed-income unit, covering stable value, municipa...
Source: pionline.com