BNY Mellon Acquires Cutwater Asset Management

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Bank of New York (BK) Completes Cutwater Asset Management Acquisition

January 5, 2015 9:10 AM EST

Bank of New York (NYSE: BK) announced the successful acquisition on January 2, 2015, of Cutwater Asset Management ("Cutwater"), 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... More