06.10.2014 14:32:22
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BNY Mellon To Acquire Cutwater Asset Management - Quick Facts
(RTTNews) - BNY Mellon (BK) announced an agreement to acquire Cutwater Asset Management, a U.S.-based fixed income and solutions specialist with approximately $23 billion in assets under management. Located in Armonk, NY, Cutwater is currently a wholly-owned subsidiary of MBIA Inc. The terms of the deal were not disclosed.
Upon completion of the deal, Cutwater will operate as part of BNY Mellon Investment Management and will be administered by, Insight Investment.
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