2010 Press Releases
August 10, 2010 - Mellon Capital's LDI Strategy Attracts Assets From Pension Plans Allocating Away From Equities, Traditional Core Fixed Income
The High Quality Long Corporate Strategy managed by Mellon Capital Management Corporation has been attracting increasing assets from corporate pension plans seeking to reduce volatility by reallocating assets away from equities and traditional core fixed income.
August 5, 2010 - Funding Status of U.S. Pensions Rebounds to 76.9 Percent in July, According to BNY Mellon Asset Management
Strong performances by stocks around the world drove the assets of the typical U.S. corporate pension plan higher in July, sending the funded status of these plans up 2.9 percentage points to 76.9 percent.
August 3, 2010 - Curtis Arledge to Join BNY Mellon as Vice Chairman of the Corporation and Chief Executive of Asset Management
BNY Mellon today announced that Curtis Arledge will be joining BNY Mellon as vice chairman of the corporation and chief executive officer of BNY Mellon Asset Management.
July 29, 2010 - BNY Mellon Asset Management's Target Surplus Strategies Attract Pension Plans Setting Funding Goals
BNY Mellon Asset Management announced it is seeing growing interest from corporate pension plans in its Target Surplus Strategies, which were created to help the plans set deadlines to achieve targeted funding ratios.
July 28, 2010 - Small Cap Stocks May Prove Challenging, According to Study by BNY Mellon Beta Management
The relatively high transaction costs associated with small cap stocks combined with forecasted returns that are not expected to exceed those of large cap stocks make the asset class relatively unattractive at this time.
July 27, 2010 - Newton Urges Investors to See the Long-Term Benefits of Investing in Equity Income
Newton* has encouraged investors to see the long-term benefits of investing in equity income in a recent paper entitled "The case for equity income investing."
July 27, 2010 - BNY Mellon Appoints Mitchell Harris Sole Interim Head for Asset Management
BNY Mellon announced today that Mitchell Harris will be the sole head of the company's asset management business on an interim basis.
July 22, 2010 - Identifying Real Risks in Portfolio Is Crucial to Make Diversification Work in Volatile Markets, According to Mellon Capital Management
Most diversification strategies appeared to fail following the collapse of Lehman Brothers in September 2008 because investors did not sufficiently distinguish between risky assets and relatively safe assets such as U.S. Treasury bonds.
July 14, 2010 - Mellon Transition Management Receives Most Top-Rated Honors in Plan Sponsor Magazine's Survey of Transition Managers
Mellon Transition Management (MTM) received the most "top-rated" honors in Plan Sponsor magazine's 2010 annual transition management survey.
July 13, 2010 - Funding Status of U.S. Pensions Falls to 74.0 Percent in June, According to BNY Mellon Asset Management
A combination of U.S. stock market declines and lower interest rates in June resulted in the lowest-funded status for the typical U.S. corporate pension plan since February 2009.
July 7, 2010 - BNY Mellon Western Fund Management Company Granted Regulatory Approval in China
The China Securities Regulatory Commission (CSRC) has authorized BNY Mellon and Western Securities to establish a joint venture fund management company in China.
June 28, 2010 - URDANG Fund, RCG Ventures Acquire 180,000-Square-Foot Houston Shopping Center
An investment fund managed by URDANG and its joint venture partner RCG Ventures, LLC, have acquired Louetta Central Shopping Center, a 180,000-square-foot shopping center in Houston, TX, with high-profile retailers from two Texas-based developers.
June 22, 2010 - BNY Mellon Asset Management Awarded Discretionary Investment Manager (DIM) License in Korea
BNY Mellon Asset Management today announced that the application for a Discretionary Investment Management license by BNY Mellon AM Korea Limited was successfully approved by Korea's Financial Services Commission.
June 4, 2010 - Funding Status of U.S. Pensions Falls to 82.0 Percent in May, According to BNY Mellon Asset Management
Falling stock markets in May sent pension plan assets lower, resulting in the worst funded status for the typical U.S. corporate pension plan since October 2009, according to monthly statistics published by BNY Mellon Asset Management.
June 3, 2010 - BNY Mellon Investment Manager Sees Exceptional Environment for Asset Class
Secured loans are poised to deliver more favorable risk adjusted returns than the market has seen for several years, as new issue spreads widen and leverage falls according to a recent study by Alcentra.
June 3, 2010 - Newton Recruits Former Founding Partner of Thomas Weisel Partners to Create West Coast Presence
Newton, part of BNY Mellon Asset Management, has announced that Newton Capital Management LLC, its business offering services in Canada and the U.S., has hired former founding partner of Thomas Weisel Partners, Chris Henkel, to create a presence on the West Coast.
June 2, 2010 - Managing Pension Plans Toward Specific Goals Can Reduce Volatility on Corporate Balance Sheets, According to BNY Mellon Asset Management
Companies should set funding-based objectives for pension plans that can be achieved within a specific time frame to improve the management of their pension plans over the long term, according to a recent study by BNY Mellon Asset Management.
May 25, 2010 - URDANG Fund, Griffin Partners Refinance Debt for 800,000-Square-Foot Houston Office Building
An investment fund managed by Urdang and Griffin Partners have successfully refinanced an $80.8 million securitized loan for an 800,000-square-foot office building in Houston, TX, with a seven-year, fixed-rate term loan from MassMutual Financial Group in the amount of $81.0 million.
May 24, 2010 - URDANG and Ridgeback Partners Announce Bulk Sale of Existing Homes in Las Vegas Development
URDANG, the real estate investment specialist for BNY Mellon Asset Management, and Ridgeback Partners announced that 17 homes in the Hillside development in Las Vegas, NV, have been sold to a single investor.
May 18, 2010 - Newton Wins Active European Equity Mandate for National Social Security Fund in China
Newton, part of BNY Mellon Asset Management, has announced that Newton Investment Management Ltd has been awarded an Active European Equity mandate by China's National Council for Social Security Fund (NCSSF).
May 11, 2010 - Ivy Asset Management Responds to New York Attorney General’s Complaint
Ivy Asset Management today issued the following statement in response to a civil complaint filed by the New York Attorney General.
May 10, 2010 - BNY Mellon Announces Leadership Transition for Asset Management
BNY Mellon announced today that Jonathan Little and Mitchell Harris will co-head the company's asset management business on an interim basis following the departure of Ronald P. O'Hanley, president and chief executive officer of BNY Mellon Asset Management.
May 10, 2010 - Funding Status of U.S. Pensions Falls to 86.3 Percent in April, According to BNY Mellon Asset Management
A plunge in the Aa corporate discount rate in April drove liabilities higher and the funded status lower for the typical U.S. corporate pension plan, according to monthly statistics published by BNY Mellon Asset Management.
May 4, 2010 - URDANG Fund, Griffin Partners Sell Two San Antonio Office Buildings to Segundo Navarro Office
A real estate partnership owned by an Urdang investment fund and Griffin Partners has sold two office buildings totaling approximately 325,000 square feet in San Antonio, TX, to Segundo Navarro Office, LLC.
April 27, 2010 - Newton Winner of Equity Manager of the Year Award
Newton was named 'Equity Manager of the Year' at the UK Pensions Awards held in London last week.
April 12, 2010 - BNY Mellon Investment Boutique Sees Benefits of Diversification, Inflation Hedging
Analyzing inventory patterns and actively controlling risk can help enhance returns for commodities investors, according to a recent white paper by Mellon Capital Management Corporation.
April 5, 2010 - Funding Status of U.S. Pensions Increases to 88.1 Percent in March, According to BNY Mellon Asset Management
A strong March rally in U.S. and international stocks drove the value of U.S. corporate pension plan assets higher, resulting in the best funding status for the typical U.S. corporate pension plan since October 2008.
March 26, 2010 - Mellon Capital Management Selected to Manage $100 Million Mandate in Active Corporate Credit Strategy by United Technologies
"We continue to see rising interest in our active credit strategies due to our systematic risk controls and innovative credit model," said Charlie Jacklin, president and chief executive officer of Mellon Capital.
March 5, 2010 - Funding Status of U.S. Pensions Increases to 85.3 Percent in February, According to BNY Mellon Asset Management
Powered by a strong performance in U.S. stocks, the funding status of the typical U.S. corporate pension plan in February improved 1.6 percentage points to 85.3 percent, according to monthly figures published by BNY Mellon Asset Management.
March 4, 2010 - URDANG Fund, Priderock Capital Partners Acquire Distressed Boca Raton Condominiums
An investment fund managed by URDANG, part of BNY Mellon Asset Management, and its joint venture partner Priderock Capital Partners, LLC have acquired the unfinished Eden Condominiums in Boca Raton, Florida.
March 2, 2010 - URDANG Fund Provides Acquisition Loan for Ridgeback Partners' Purchase of Finished Lots in Las Vegas
An investment fund managed by URDANG, the real estate investment manager, has made a participating loan to Ridgeback Partners for its acquisition of 291 finished lots and 17 homes in the Hillside development, located north of Summerlin in Las Vegas, Nevada.
March 1, 2010 - Richard Ferst Named Chief Executive Officer of URDANG
Richard Ferst has been named chief executive officer of URDANG, a global real estate investment boutique and part of BNY Mellon Asset Management.
February 23, 2010 - John Herlihy to Lead Broker/Dealer Relationships For BNY Mellon Asset Management
John F. Herlihy has been named managing director, broker/dealer relations, for BNY Mellon Asset Management, with responsibility for leading the business' relationships with broker/dealers across its investment boutiques.
February 16, 2010 - Emerging Markets Equities Investors Should Look to Small Caps to Benefit From Rise of Global Middle Class, According to The Boston Company Asset Management
Investors should consider small cap emerging markets stocks as a way to capitalize on the rapid growth of the global middle class, according to a recent analysis by The Boston Company.
February 4, 2010 - Dreyfus International Bond Fund Achieves Highest Total Return Rankings
Dreyfus International Bond Fund, managed by investment professionals at Standish Mellon Asset Management Company LLC, was the number one performer for total return in Morningstar's US World Bond Funds category...
February 3, 2010 - BNY Mellon Asset Management Launches Investment Strategy to Manage Inflation Risk
BNY Mellon Asset Management has launched the Real Asset Strategy, an institutional investment strategy designed for periods of rising inflation that aims to achieve long-term returns of five percent above the Consumer Price Index in the U.S.
February 3, 2010 - Funding Status of U.S. Pensions Declines to 83.7 Percent in January, According to BNY Mellon Asset Management
Sliding stock markets and rising liabilities combined to reduce the funded status of the typical U.S. corporate pension plan in January by 1.8 percentage points to 83.7 percent.
February 1, 2010 - China Securities Regulatory Commission awards QFII license to BNY Mellon Asset Management
BNY Mellon Asset Management has announced that the application for a Qualified Foreign Institutional Investor (QFII) license by BNY Mellon Asset Management International Limited has been successfully approved by the China Securities Regulatory Commission (CSRC).
January 27, 2010 - Two Dreyfus Funds Earn Top Morningstar Ratings and Receive Lipper Accolades
Two Dreyfus funds sub-advised by Walter Scott & Partners Limited achieved the highest 5-Star Overall Rating from Morningstar for the three-year period ended 12/31/09
January 27, 2010 - BNY Mellon Asset Management Selected by Taiwan Bureau of Labor Insurance to Manage US$200 Million in Global Fixed Income
Standish Mellon Asset Management Company LLC ("Standish") has been named to manage a US$200 million global fixed income mandate by Taiwan's Bureau of Labor Insurance.
January 12, 2010 - URDANG Fund and Moore & Associates Acquire Silver Spring Office Complex
An investment fund managed by URDANG has acquired the 500,000 square-foot Station Square office complex in Silver Spring, Maryland, in a joint venture with developer Moore & Associates.
January 6, 2010 - Funding Status of U.S. Pensions Tops 85 Percent at End of 2009, According to BNY Mellon Asset Management
Propelled by rising stocks and an increase in the yields of long Aa corporate bonds, the funded status of the typical U.S. corporate pension plan in December increased 3.0 percentage points to 85.5 percent.