BNY Mellon Strengthens Fixed Income Offerings With Cutwater Acquisition

Cutwater has been able to grow its asset base to $23 billion over the years by offering a wide range of fixed income strategies such as core, long duration, high yield, loans and absolute return strategies. The acquisition of Cutwater will boost BNY Mellon's fixed-income offerings by about 10% and increase the proportion of these assets in its total portfolio to above 15% when the deal closes.