Newton Investment Management said it had completed the integration of BNY Mellon Investment Management’s Japan equity team into Newton.
Kazuya Kurosawa, head of Japan equity, will continue to lead the Japan equity strategies as director and head of investment in the newly established Newton Japan, which consists of 10 staff members including five investment professionals managing three strategies.
Those strategies are the $1.36bn Japan small cap equity strategy, the $97m Japan all cap equity strategy and the $7m Womenomics Japan equity strategy.
In 2021, BNY Mellon decided to transfer over its active and multi-asset fund management capabilities to its subsidiaries.
“This is the final step in repositioning BNY Mellon Investment Management’s equity and multi-asset capabilities within Newton to create a global investment firm,” said Katsutoshi Endo, representative director and president of BNY Mellon Investment Management Japan.
“While the Japan equity team, investment process and philosophy for existing clients won’t change, we are confident that the ability to leverage Newton’s fundamental and quantitative research expertise will bring significant value to our existing clients in these strategies.”
“We are delighted to complete the integration of BNY Mellon IM’s highly regarded Japan equity team into Newton,” said Euan Munro, chief executive officer of Newton Investment Management.
“Not only does this augment the global investment capabilities that Newton offers, but the addition of this seasoned Japanese investment team will also enhance our idea generation and investment decision process within our multi-dimensional research platform.”
