Newton adds Japan Equity team to expand investment capabilities and enhance research platform

28 July 2023

Tokyo, March 1, 2023 – Newton Investment Management (Newton) announces today the completion of the integration of BNY Mellon Investment Management’s (BNY Mellon IM) Japan equity team into Newton. This integration is the culmination of BNY Mellon IM’s initiative announced in 2021 to expand Newton’s global equities and multi-asset capabilities and industry-leading global research platform.

Kazuya Kurosawa, Head of Japan Equity Team, will continue to lead the Japan equity strategies as Director and Head of Investment in the newly established Newton Japan, which consists of 10 staff members, including five investment professionals managing three strategies:

• Japan Small Cap Equity, with USD1.36bn in AUM* – a concentrated, high-conviction Japanese small cap equity portfolio that seeks to generate alpha by bottom-up selection
• Japan All Cap Equity, with USD97mn in AUM* – aims to generate mid- to long-term growth by investing in both equities and futures to manage risks
• Womenomics Japan Equity, with USD7mn in AUM* – a strategy that aims to capture the opportunities arising from the growing economic power of women

Euan Munro, Chief Executive Officer, Newton Investment Management, said:

We are delighted to complete the integration of BNY Mellon IM’s highly regarded Japan equity team into Newton. Not only does this augment the global investment capabilities that Newton offers, but the addition of this seasoned Japanese investment team will also enhance our idea generation and investment decision process within our multi-dimensional research platform.” – Euan Munro, Chief Executive Officer, Newton Investment Management

Katsutoshi Endo, Representative Director, President of BNY Mellon Investment Management Japan, said:

“This is the final step in repositioning BNY Mellon Investment Management’s equity and multi-asset capabilities within Newton to create a global investment firm. While the Japan equity team, investment process and philosophy for existing clients won’t change, we are confident that the ability to leverage Newton’s fundamental and quantitative research expertise will bring significant value to our existing clients in these strategies.”

Source: Newton