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BNY Mellon acquires Cutwater

Bank of New York Mellon has successfully completed the acquisition of Cutwater Asset Management, a U.S.-based fixed income and solutions specialist with a 20-year track record and approximately $22 billion in assets under management. Cutwater will now operate as part of BNY Mellon’s $1.6 trillion in assets multi-boutique investment management business. It will work closely with, and be administered by, Insight Investment, a leading European asset manager and one of BNY Mellon’s premier investment firms. BNY Mellon announced its intention to acquire Cutwater from MBIA in October 2014.

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