About Newton
Newton Investment Management is a London-based, global investment management subsidiary of The Bank of New York Mellon Corporation. With assets under management of over £41bn (as of 30 June 2010), Newton provides a broad range of award-winning investment products and services to a wide range of clients, including pension funds, charities, corporations and individuals.
Our global, thematic approach to investment has been highly regarded for over 30 years and has proved to be invaluable in overcoming the short-term uncertainties that afflict financial markets and challenge investors. As well as our goal of delivering strong risk-adjusted returns, our approach has involved a transparency that is essential in the building of longstanding relationships with our clients around the world.
The key benefit of our global, thematic approach is that it allows us to gain long-term perspective on global financial markets and economies. There is no shortage of information in the modern world, but information without perspective lacks resonance. Perspective is a defining feature of our investment process; it helps us to anticipate how the world will change and it identifies areas of risk and opportunity across the globe.
A central tenet of our approach, which dates back to the inception of the firm, is that 'change leads to opportunity'. The world is changing constantly and it follows that, to be fruitful, an investment approach must be dynamic enough to take advantage of such change. In recent times, the model-driven approaches of some investors, which rely upon backward-looking data, have proved to be unreliable. Our approach, by contrast, is forward-looking and, because it seeks to anticipate change, it is much less likely to be caught out by change.
Our key to preserving perspective is our structure. Our investment managers are backed by strong teams and, in particular, we employ highly qualified career analysts, many of whom have direct experience in the global sectors for which they are responsible. Our global analysts and investment managers sit mainly in one location, London, rather than being spread around the world, and this collaborative arrangement promotes perspective on the investment landscape, strong idea generation and the swift implementation of investment ideas.
Awards
July 2010
Newton won the Global Investor Magazine award for Investment Excellence in European Equities
April 2010
Newton Investment Management was announced as winner of the 'Wealth Manager for Charities Award' at the Financial Times/Investors Chronicle Wealth Management Awards.
Newton was named 'Equity Manager of the Year' at the UK Pensions Awards.
March 2010
Newton's private investment management division won the Private Asset Management 2010 Award for the 'Investment Performance - Growth Portfolios' category.
October 2009
July 2009
Newton won a major award at the Investment Week Fund Manager of the Year Awards 2009 with the Newton Balanced Fund securing best fund in the Balanced Managed sector.
May 2009
April 2009
Newton's Private Investment Management division last week won two major awards for Best Growth Wealth Manager and Best Wealth Manager for Charities at the Financial Times and Investors Chronicle Wealth Management Awards held in London.
December 2008
Newton won the Global Equities Manager of the Year award by Professional Pensions at its Specialist and Alternative Investment Managers Awards 2008
November 2008
Newton retained its number one position as the largest discretionary charity manager in the UK according to the 2008 Annual Charity Fund Management Survey compiled by Charity Finance magazine
October 2008
Newton won the UK Asset Management Firm of the Year award and the Equity Manager of the Year award at the Financial News Excellence in Institutional Asset Management Awards 2008 (2 awards)
July 2008
Newton Balanced Bridge Fund won the Best Fund award in the balanced managed sector at the Investment Week Fund Manager of the Year Awards 2008
April 2008
Newton Balanced Bridge Fund won the Best Fund award in the balanced managed sector at the Investment Week Fund Manager of the Year Awards 2008
October 2007
Newton won the Equity Manager of the Year award for the second year running at the Financial News Awards for Excellence in Institutional Asset Management, Europe 2007
May 2007
Newton won the Best Overseas Fixed Income Provider of the Year award at the 2007 FT Business Pension and Investment Provider Awards
March 2007
Newton won the Investment Performance: Defensive Portfolios award at the 2007 PAM Awards
March 2006
Newton won the award for Best Overall Service Quality for High Net Worth Clients at the 2006 PAM Awards
Our values
Performance
Newton exists primarily to increase the wealth of its clients by aiming to deliver strong and transparent investment performance.
Perspective
Newton uses a distinctive global, thematic approach to maintain perspective and to generate strong and durable investment ideas.
Teamwork
Newton uses a coherent, collaborative and enduring team-based investment approach.
Consistency
Newton seeks to achieve consistent and stable growth in its business, to maintain strong investment performance and to manage portfolios that are appropriate to the fulfilment of clients' objectives.
Service
Newton is committed to providing exceptional client service.
Our clients
Our sole activity is investment management. Our clients include government bodies, local authorities, corporations, private clients, trustees, charities, trade unions and retail fund investors. Our investment management services are provided through both segregated portfolios and a wide range of pooled funds / unitised vehicles (many of which are distributed through third party distribution partners).
We combine a robust investment process with a commitment to excellent client service. Our clients benefit from the collaboration of a team of highly experienced investment managers, client managers and administrators. In addition to regular client meetings, we encourage clients to visit our offices to meet those involved with the management and administration of their accounts and to gain a greater insight into our investment operations.
History
Newton* was formed in 1978 as a joint venture with Reed Stenhouse, the Scottish insurance broker. Following Alexander & Alexander's acquisition of the company in 1986, the company was reorganised and renamed Newton Investment Management. Newton's management bought out the Alexander & Alexander stake in 1992, and in November 1994 Newton acquired the Capital House group of companies from the Royal Bank of Scotland PLC (RBS), with RBS purchasing a 33% interest in the company.
In October 1998, Newton completed an agreement for Mellon, now The Bank of New York Mellon Corporation (BNYM), to acquire a majority interest in the company. At the beginning of July 2001, Mellon exercised its option to acquire most of the remaining shares. A further transaction in May 2002 completed Mellon's acquisition of the Newton Group. Newton was Mellon's first substantial acquisition outside the U.S.
Newton is a wholly owned, but operationally autonomous, subsidiary of the Bank of New York Mellon, which was formed on 1 July 2007 following a merger between The Bank of New York Company, Inc. and Mellon Financial Corporation. Newton has full investment autonomy and being owned by the Bank of New York Mellon allows Newton to be wholly focused on investment management.
As at 30 June 2010, Newton had approximately £41.8bn ($62.5bn) in assets under management.
*'Newton' refers to the Newton group of companies, comprising Newton Investment Management Limited (NIM), Newton Capital Management Limited (NCM), Newton International Investment Management Limited and Newton Fund Managers (CI) Limited
