About Newton
Newton Investment Management is a London-based, global investment management subsidiary of The Bank of New York Mellon Corporation. With assets under management of over £46bn (as of 31 December 2011), Newton provides a broad range of award-winning investment products and services to a wide range of clients, including pension funds, charities, corporations and individuals.
Our global, thematic approach to investment has been highly regarded for over 30 years and has proved to be invaluable in overcoming the short-term uncertainties that afflict financial markets and challenge investors. As well as our goal of delivering strong risk-adjusted returns, our approach has involved a transparency that is essential in the building of longstanding relationships with our clients around the world.
The key benefit of our global, thematic approach is that it allows us to gain long-term perspective on global financial markets and economies. There is no shortage of information in the modern world, but information without perspective lacks resonance. Perspective is a defining feature of our investment process; it helps us to anticipate how the world will change and it identifies areas of risk and opportunity across the globe.
A central tenet of our approach, which dates back to the inception of the firm, is that 'change leads to opportunity'. The world is changing constantly and it follows that, to be fruitful, an investment approach must be dynamic enough to take advantage of such change. In recent times, the model-driven approaches of some investors, which rely upon backward-looking data, have proved to be unreliable. Our approach, by contrast, is forward-looking and, because it seeks to anticipate change, it is much less likely to be caught out by change.
Our key to preserving perspective is our structure. Our investment managers are backed by strong teams and, in particular, we employ highly qualified career analysts, many of whom have direct experience in the global sectors for which they are responsible. Our global analysts and investment managers sit mainly in one location, London, rather than being spread around the world, and this collaborative arrangement promotes perspective on the investment landscape, strong idea generation and the swift implementation of investment ideas.
Awards
Past performance is not a guide to future performance
October 2011
Newton was unveiled as having the Top Balanced Manager Fund in a Pension at the Moneywise Pension Awards 2011.
Newton was awarded Best Absolute Return fund provider at the 2011 Investment Life & Pensions Moneyfacts awards.
July 2011
The Absolute Insight UK Equity Market Neutral Fund and the Newton Real Return Fund, were jointly awarded best fund in the Absolute Return sector at the 2011 Investment Week Awards.
May 2011
The Newton Asian Income Fund beat its peers to win the category for Best Asia Pacific fund at the Money Observer Awards 2011.
Newton received two top industry recognitions at the Pensions and Investment Provider 2011 Awards winning the Active UK Equities and Active North American Equities categories.
March 2011
Newton Real Return Fund won the Absolute Return GBP High Category at the UK Lipper Fund Awards 2011.
July 2010
Newton won the Global Investor Magazine award for Investment Excellence in European Equities.
April 2010
Newton Investment Management was announced as winner of the 'Wealth Manager for Charities Award' at the Financial Times/Investors Chronicle Wealth Management Awards.
Newton was named 'Equity Manager of the Year' at the UK Pensions Awards.
March 2010
Newton's private investment management division won the Private Asset Management 2010 Award for the 'Investment Performance - Growth Portfolios' category.
October 2009
July 2009
Newton won a major award at the Investment Week Fund Manager of the Year Awards 2009 with the Newton Balanced Fund securing best fund in the Balanced Managed sector.
May 2009
April 2009
Newton's Private Investment Management division last week won two major awards for Best Growth Wealth Manager and Best Wealth Manager for Charities at the Financial Times and Investors Chronicle Wealth Management Awards held in London.
December 2008
Newton won the Global Equities Manager of the Year award by Professional Pensions at its Specialist and Alternative Investment Managers Awards 2008.
November 2008
Newton retained its number one position as the largest discretionary charity manager in the UK according to the 2008 Annual Charity Fund Management Survey compiled by Charity Finance magazine.
October 2008
Newton won the UK Asset Management Firm of the Year award and the Equity Manager of the Year award at the Financial News Excellence in Institutional Asset Management Awards 2008 (2 awards).
July 2008
Newton Balanced Bridge Fund won the Best Fund award in the balanced managed sector at the Investment Week Fund Manager of the Year Awards 2008.
April 2008
Newton Balanced Bridge Fund won the Best Fund award in the balanced managed sector at the Investment Week Fund Manager of the Year Awards 2008.
October 2007
Newton won the Equity Manager of the Year award for the second year running at the Financial News Awards for Excellence in Institutional Asset Management, Europe 2007.
May 2007
Newton won the Best Overseas Fixed Income Provider of the Year award at the 2007 FT Business Pension and Investment Provider Awards.
March 2007
Newton won the Investment Performance: Defensive Portfolios award at the 2007 PAM Awards.
March 2006
Newton won the award for Best Overall Service Quality for High Net Worth Clients at the 2006 PAM Awards.
Our values
Performance
Newton exists primarily to increase the wealth of its clients by aiming to deliver strong and transparent investment performance.
Perspective
Newton uses a distinctive global, thematic approach to maintain perspective and to generate strong and durable investment ideas.
Teamwork
Newton uses a coherent, collaborative and enduring team-based investment approach.
Consistency
Newton seeks to achieve consistent and stable growth in its business, to maintain strong investment performance and to manage portfolios that are appropriate to the fulfilment of clients' objectives.
Service
Newton is committed to providing exceptional client service.
Our clients
Our sole activity is investment management. Our clients include government bodies, local authorities, corporations, private clients, trustees, charities, trade unions and retail fund investors. Our investment management services are provided through both segregated portfolios and a wide range of pooled funds / unitised vehicles (many of which are distributed through third party distribution partners).
We combine a robust investment process with a commitment to excellent client service. Our clients benefit from the collaboration of a team of highly experienced investment managers, client managers and administrators. In addition to regular client meetings, we encourage clients to visit our offices to meet those involved with the management and administration of their accounts and to gain a greater insight into our investment operations.
History
Newton* was formed in 1978 as a joint venture with Reed Stenhouse, the Scottish insurance broker. Following Alexander & Alexander's acquisition of the company in 1986, the company was reorganised and renamed Newton Investment Management. Newton's management bought out the Alexander & Alexander stake in 1992, and in November 1994 Newton acquired the Capital House group of companies from the Royal Bank of Scotland PLC (RBS), with RBS purchasing a 33% interest in the company.
In October 1998, Newton completed an agreement for Mellon, now The Bank of New York Mellon Corporation (BNYM), to acquire a majority interest in the company. At the beginning of July 2001, Mellon exercised its option to acquire most of the remaining shares. A further transaction in May 2002 completed Mellon's acquisition of the Newton Group. Newton was Mellon's first substantial acquisition outside the U.S.
Newton is a wholly owned, but operationally autonomous, subsidiary of the Bank of New York Mellon, which was formed on 1 July 2007 following a merger between The Bank of New York Company, Inc. and Mellon Financial Corporation. Newton has full investment autonomy and being owned by the Bank of New York Mellon allows Newton to be wholly focused on investment management.
As at 31 December 2011, Newton had approximately £46bn ($71bn) in assets under management.
Newton Investment Management historical timeline
- Newton forms in joint venture with Reed Stenhouse
- Company reorganised and named Newton Investment Management following acquisition by Alexander & Alexander
- Newton's management buys out A&A stake
- Newton acquires Capital House group of companies from RBS. RBS purchases 33% interest in Newton
- Newton & Mellon complete agreement for Mellon to acquire 75% majority interest in Newton
- £20 billion AUM barrier broken
- Mellon exercises option to acquire most of the remaining shares
- Helena Morrissey becomes CEO of Newton
- Mellon acquisition complete
- £30 billion AUM barrier broken
- Mellon merges with Bank of New York to form BNY Mellon
- Newton celebrates its 30 year anniversary
- £40 billion AUM barrier broken
*'Newton' refers to the Newton group of companies, comprising Newton Investment Management Limited (NIM), Newton Capital Management Limited (NCM), Newton International Investment Management Limited and Newton Fund Managers (CI) Limited
