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3.81985560944906E-05 0.000420184117040347 0.000993162458459063 0.000993162458459063 0.000133694946330989 -0.00034378700485123 -0.00139424729745216 -0.000916765346269946
Stock impact report

Why BNY Mellon's Decision To Close EACM Advisors Makes Sense [Forbes]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: Forbes
A pedestrian passes in front of a Bank of New York Mellon Corp. office building in New York, U.S., on Thursday, July 12, 2018. Photographer: Bess Adler/Bloomberg Bank of New York Mellon recently announced its decision to shutter EACM Advisors, its subsidiary which offers specialized solutions for traditional multi-manager portfolios as well as customized hedge fund portfolios. EACM Advisors currently has roughly $3.9 billion in total assets under management, of which $2.1 billion is in hedge fund investments, and the remaining $1.8 billion is in long-only equity strategies. As a part of BNY Mellon’s decision, the hedge fund investments will be liquidated over the coming months, while the equity portfolio will continue to be maintained as a part of BNY Mellon’s Investment Management division. BNY Mellon Investment Management consists of several investment boutiques which cater to specific investment requirements of institutional investors and high net worth c Show less Read more
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