Press Releases
London Borough of Sutton Awards Global Equity Mandate to Newton
LONDON, 7 November 2005 — Newton Investment Management Limited, the UK asset management subsidiary of Mellon Financial Corporation, has been awarded a £80m global equity mandate for the London Borough of Sutton Pension Fund.
Newton has been managing global equity mandates for over 25 years. Its institutional global equity track record that is most applicable to the London Borough of Sutton mandate, has outperformed the benchmark in 27 of the 29 rolling three-year periods since inception*. The mandate will be managed by members of the global team at Newton.
Commenting on the win, Helena Morrissey, Chief Executive Officer of Newton, said: "This win reflects Newton's continued strong performance in all markets and robust team-based investment process driven by global research. We are delighted to work with London Borough of Sutton and look forward to seeing our relationship develop further."
Newton Investment Management Limited is a London-based UK asset management subsidiary of Mellon Financial Corporation. With assets under management of almost £27 billion, the company provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations. Newton has operations in London, Edinburgh, Leeds and Jersey. News and other information about Newton is available at www.newton.co.uk.
Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, payment solutions and investor services, and treasury services. Mellon has approximately $4.5 trillion in assets under management, administration or custody, including