- Cutwater is a fixed income and solutions specialist with a 20-year track record and approximately $22 billion in assets under management
- It will work closely with, and be administered by Insight Investment, part of the BNY Mellon group of investment firms
- BNY Mellon announced its intention to acquire Cutwater from MBIA Inc. on October 6, 2014
BNY Mellon today announced the successful acquisition on January 2, 2015, of Cutwater Asset Management ("Cutwater"), a U.S.-based fixed income and solutions specialist with a 20-year track record and approximately $22 billion in assets under management.
Cutwater will now operate as part of BNY Mellon's $1.6 trillion in assets multi-boutique investment management business. It will work closely with, and be administered by, Insight Investment, a leading European asset manager and one of BNY Mellon's premier investment firms.
Cutwater's investment capabilities encompass a wide range of U.S. fixed income strategies including core, long duration, high yield, loans, absolute return and liability risk management. These capabilities will deepen BNY Mellon's and Insight's fixed income research and portfolio management expertise in the world's biggest and most diverse credit market.
BNY Mellon announced its intention to acquire Cutwater from MBIA Inc. on October 6, 2014. The terms of the transaction were not disclosed.
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.6 trillion in assets under management as of September 30, 2014. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies.
Insight Investment is an asset manager founded in 2002. Insight manages £318 billion ($516 billion) across fixed income, liability-driven investment, absolute return, cash management, multi-asset, specialist equity and currency strategies. Insight Investment Management (Global) Ltd does not offer services in the U.S. Pareto Investment Management Limited offers services in the U.S., Canada and Australia under the Insight Pareto brand. Insight Investment is owned by BNY Mellon.