UK - Balanced pooled funds have bounced back in Q3 with a positive return of 9.4%, research by BNY Mellon reveals.
Newton Investment Management has appointed Mark Hammond to its pooled funds sales team and named James Blake as account manager.
US - The funding status of US corporate pension funds improved nearly three percentage points in July on the back of strong global equity performance, BNY Mellon Asset Management says.
US/UK - Curtis Arledge, former chief investment officer for BlackRock's fundamental index portfolio, will join BNY Mellon Asset Management as vice chairman and chief executive.
Curtis Arledge, former chief investment officer for BlackRock's fundamental index portfolio, will join BNY Mellon Asset Management as vice-chairman and chief executive.
US/UK - BNY Mellon Asset Management co-head and vice chairman Jon Little will leave the firm to join hedge fund Kedge Capital, a London-based alternatives firm.
Balanced pooled funds ended their run of positive quarters with a negative return of -8.9% for Q2 of this year, statistics show.
UK - Balanced pooled funds ended their run of positive quarters with a negative return of -8.9% for Q2 of this year, statistics revealed.
GLOBAL - BlackRock has reported a US$213.3bn loss in assets under management in Q2, blaming sharp falls in equity markets and costs related to its acquisition of BGI.
GLOBAL - BNY Mellon Asset Servicing has launched a new Global Financial Institutions (GFI) group to support clients within in the banking, mutual fund and insurance sectors.