London Borough of Brent Pension fund named Mellon Capital Management Corporation to manage its $264 million-currency overlay investment strategy for its international portfolio.
“During the past year, Mellon Capital has been awarded seven contracts exceeding $1 billion through Mellon Global Investments in Europe to manage currency or global tactical asset allocation (GTAA) strategies,” said Charlie Jacklin, president and chief executive officer of Mellon Capital. “Overall, Mellon Capital achieved significant business growth globally, adding more than $5.5 billion in assets invested in alternative strategies through September 2005.”