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 Management's 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 Mellon's $105.2 billion fixed-income unit, covering stable value, municipal, efficient beta and taxable fixed-income strategies, will move to global fixed-income and liabil...
Source: pionline.com