Insight Investment to acquire currency manager Pareto
Insight Investment Management will acquire currency overlay management firm Pareto Investment Management, the firm announced yesterday. The deal is expected to close on January 1, 2013.
With more than £27 billion ($42 billion) in assets under management, Pareto provides active and passive currency risk management and has operations in the UK, US, Japan and Australia. Insight, which was launched in 2002, has assets under management of $182 billion ($285.5 billion). Both firms are part of BNY
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