* The Mellon Stable Value Fund is an unregistered bank product available only to qualified retirement plans. Specifically, it is a bank-maintained collective investment fund offered to plan sponsors as a stable value investment vehicle for qualified employee benefit plans and trusts. It is not available to the general public. The Bank of New York Mellon is the trustee and discretionary investment manager for the Fund, but the Fund is managed by certain employees of Standish acting in their capacity as dual officers of the Bank. Investors must enter into an investment management or participation agreement with the Bank.
The Fund is not an insured bank deposit, is not guaranteed, and may lose value. The Fund unit principal value and investment return will fluctuate, so that when a unit is redeemed, it may be worth more or less than the original investment.
Standish Mellon Asset Management Company LLC, with approximately
of assets under management, provides investment management services across a broad spectrum of fixed income asset classes. These include corporate credit, emerging markets debt (dollar-denominated and local currency), core / core plus, tax–sensitive, short duration, stable value and opportunistic (U.S. and global) strategies.
also offers full service capabilities in insurance client strategies and liability driven investing. The firm includes assets managed by
personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon and Alcentra NY, LLC personnel acting as dual officers of Standish.
, Dreyfus and The Bank of New York Mellon are affiliated subsidiaries of BNY Mellon.
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with
in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of
December 31, 2013
, BNY Mellon had
in assets under custody and/or administration, and
in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on
, or follow us on Twitter @BNYMellon.
All information source BNY Mellon as of
December 31, 2013
. This press release is qualified for issuance in the US only and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. A BNY Mellon Company.
Contact: Mike Dunn +1 212 922 7859
SOURCE BNY Mellon