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.