BNY Mellon

The Newton Cautious Managed fund will waive its initial charge until the end of May, following a move to the IMA Cautious Managed sector under new manager Simon Nichols.

Insight Investments has announced around 120 jobs will be lost by March 2010, following the migration of its assets to SWIP and BNY Mellon.

Balanced pooled funds strengthened in July with a median return of 6.2%, figures from BNY Mellon Asset Servicing show.

Lloyds is set to choose a buyer for its Insight Investments operations within weeks, having reportedly received five binding offers from firms including Schroders and Gartmore owners Hellman & Friedman.

Credit Suisse Asset Management (CSAM) has selected BNY Mellon Asset Servicing to support its inaugural Irish ETF range.

Former Gartmore head of distribution Paul Feeney is joining BNY Mellon Asset Management in the position of distribution head for its international business.

BNY Mellon Asset Management has launched its first global 130/30 vehicle, the Mellon Global Extended Alpha fund.