Insight Investment has announced currency risk manager Pareto Investment Management is to be merged into the Insight Group.
Pareto IM has around £27bn of assets under management and has operations in the UK, USA, Asia and Japan.
The transaction is set to be completed by January 2013, with Pareto remaining a separate entity within the Insight Group.
Both firms are already part of BNY Mellon.
Source: FundWeb. Read full article here.