Mellon Subsidiary Makes Investments Available in US

January 13, 2006 ( - Newton Capital Management Limited, the London-based asset management subsidiary of Mellon Financial will make its investment strategies available to US institutional investors in the first quarter of 2006.

Newtonspecializes in global equity, global fixed income, European equity and EAFE mandates, according to the announcement.   Newton has approximately $47 billion in assets under management, with global portfolios accounting for more than 70% of total institutional assets.

Newton‘s EAFE (Europe, Australasia & Far East) equity composite has had strong performance in spite of the dramatic changes in market conditions over the last five years.   Similarly, Newton’s global equities and global fixed income mandates have seen strong performance.  

Newtonranks first in risk-adjusted performance in the Mercer global equity database against all global equity managers since inception, the announcement said.

“A major reason that Newton is able to deliver strong performance is that we have successfully combined a bottom-up stock selection process within a clear global thematic framework,” said Helena Morrissey, Newton’s chief executive officer, in the announcement.

Ciaran Spillane has been appointed as head of the US business, the announcement said.   Spillane will be based in New York and will be responsible for developing relationships with leading US investment consultants and institutional investors and driving the growth of Newton in the US.   He was most recently director of client service at Bank of Ireland Asset Management Group’s US subsidiary, Iridian Asset Management, and has almost a decade of experience in managing relationships with US institutional clients, including prominent public and corporate pension funds, and endowments and foundations.

More information about Newton is available at .