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Newton Wins Arkansas Public Employees Retirement System Mandate

BNY Mellon asset manager announces first U.S. institutional win for its Global Real Return strategy

Newton,* part of BNY Mellon Asset Management, has announced that Newton Capital Management Limited has recently been awarded a $50m global real return mandate for the Arkansas Public Employees Retirement System (APERS).

APERS was established by legislation enacted in 1957 and has subsequently expanded to include State, County, Municipal, School, and other political subdivisions. The mission of APERS is to provide current and future retirement or survivor benefits for its nearly 74,000 members. APERS is responsible for investing a portfolio of $5.6 billion on behalf of its members.

Commenting on the win, Helena Morrissey CBE, chief executive officer of Newton*, said, "While seeking to protect clients' capital is a priority, especially during these volatile markets, this strategy aims to achieve more - a total return for our clients. Being selected to manage a portion of APERS' assets is key recognition of the attractiveness of our real return strategy to US institutions."

Newton's 'real return' strategy is an actively managed multi-asset strategy which takes an unconstrained approach to targeting absolute returns. Initially launched in 2004, total assets in this strategy currently amount to $8bn.