NEWTON WINS NORTHAMPTONSHIRE MANDATE
Secures position as a leading manager for UK Local Authorities
NEW YORK
18 April 2008
Continuing its success in the UK Local Authority market, Newton has been awarded a global equity mandate by Northamptonshire County Council.
Newton* has been managing global mandates for 30 years and applies a single portfolio approach to running global equity portfolios. The mandate will be managed in the UK by members of the global equity team at Newton Investment Management Limited. Similar strategies are offered in the U.S. by Newton Capital Management Limited, an investment adviser registered with the U.S. Securities and Exchange Commission.
Commenting on the appointment, John Burke, of Newton's business development team, said: "We are delighted that Northamptonshire County Council has selected Newton as investment managers to the pension scheme. We look forward to a long and successful partnership and have every confidence that our global thematic investment approach will continue to navigate our clients through the changing market environment."
Despite market volatility, Newton's thematic investment approach has enabled the company to produce strong relative returns for investors during a turbulent 2007.
Contact:
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Patrice M. Kozlowski Corporate Communications +1 212-922-6030 |
Ciaran Spillane Head US Business - Newton +1 516-338-3521 |
Notes to editors:
The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $11 trillion in outstanding debt as of December 31, 2007. Additional information is available at bnymellon.com.
* "The Newton Group" refers to the following group of affiliated companies, all of which are wholly-owned subsidiaries of The Bank of New York Mellon Corporation: Newton Investment Management Limited, Newton Capital Management Limited, Newton International Investment Management Limited, Newton Capital Management LLC and Newton Fund Managers (CI) Limited. Assets under management include assets managed by all of these companies except Newton Capital Management LLC, which provides marketing services in the U.S. Except for Newton Capital Management LLC and Newton Capital Management Limited, none of the other Newton companies offer services in the U.S. Newton Investment Management Limited and Newton Capital Management Limited are both authorized and regulated in the UK by the Financial Services Authority in the conduct of their UK investment business.
Past performance is not a guide to future returns. The information contained within this document should not be construed as a recommendation to buy or sell a security. It should not be assumed that a security has been - or will be - profitable. There is no assurance that a security will remain in the portfolio. The opinions expressed in this presentation are those of Newton Capital Management Limited and should not be construed as investment advice.
