BNY Mellon Asset Management has won two global equity mandates from Japan’s public pension fund, the Government Pension Investment Fund (GPIF).
GPIF has assets of approximately USD1.5 trillion, and is one of the world’s largest public pension funds. Following a review of its existing fund managers, GPIF appointed two BNY Mellon Asset Management boutique investment managers, Newton Investment Management Limited and Walter Scott & Partners Limited, to manage global equities ex-Japan.
The two individual mandates will be managed by members of the global equity teams at Newton, based in London and at Walter Scott, based in Edinburgh. Each mandate will be benchmarked to The MSCI Kokusai index.
Newton has been managing global mandates for 30 years and applies a single portfolio approach to running global equity portfolios. Over 70% of Newton’s mandates are globally invested with over USD26 billion in global equity mandates. Walter Scott is a global equity investment manager and has managed money for institutional investors around the world for over 25 years.