GLOBAL – Asset manager Insight Investment Management has acquired currency risk-management specialist Pareto Investment Management and a number of its affiliated entities.
The newly combined group brings together Insight’s expertise in liability-driven investment, active fixed income, multi-asset and absolute return with Pareto’s active and passive currency risk-management business.
The acquisition also brings total assets under management to more than £212bn (€261bn).
Abdallah Nauphal, chief executive at Insight, said the merger was a “natural” fit.
“The businesses share a similar risk -management philosophy and client-centric approach,” he said.
“The complementary footprint of the combined businesses provides a broad geographic reach stretching from the UK and Europe to the US and Asia Pacific.”
The combined group will be known as Insight Investment in the UK and Europe.
In North America and Australasia, Pareto Investment Management will be marketed under the brand name of Insight Pareto.
The group will remain an autonomous investment manager within BNY Mellon’s boutique asset management structure.