Insight Investment, Pareto join forces
Insight Investment Management, managed by the Valletta Fund Management, has joined forces with currency risk management specialist Pareto Investment Management Limited and some of its affiliated entities.
The development brings together Insight’s expertise in liability driven investment, active fixed income, multi-asset and absolute return solutions with Pareto’s active and passive currency risk management business.
Together they form a global investment management company with assets under management totalling £212.3 billion.
Insight Investment Management Limited is the sub-investment manager of a number of investment funds managed by Valletta Fund Management Limited. The group will remain a fully autonomous investment manager in BNY Mellon’s boutique asset management structure.
The combined group will be known as Insight Investment in the UK and Europe and amalgamates Pareto’s expertise in currency risk management with Insight’s capabilities in fixed income, multi-asset and absolute return solution.
VFM head Mark Agius said VFM and its clients will benefit from this transaction which creates a global asset manager with a comprehensive investment solutions business.
VFM is a company jointly owned by Bank of Valletta plc and Insight Investment Manage-ment Limited, one of UK’s largest asset managers and a BNY Mellon Asset Management company.
Established in 1995, VFM is responsible for assets under management of over €702 million across liquidity, income, income and growth, growth and absolute return investment solutions.