BNY Mellon Asset Management North America hired a three-person quantitative management team from Salient Partners, BNY Mellon announced Tuesday.
Roberto Croce was named senior portfolio manager and managing director, while Berto Brauns and Xuan Huan were named senior research analysts. The strategies the three will handle are risk parity, managed futures and alternative risk premium.
Mr. Croce will report to Jeff Zhang, executive vice president and chief investment officer, index and multiasset and multifactor, a BNY Mellon spokesman said. Mr. Brauns and Ms. Huan will report to Anjun Zhou, managing director and head of multiasset and multifactor research, the spokesman said.
At Salient, Mr. Croce was managing director of quantitative strategies, Mr. Brauns was associate portfolio manager and senior analyst, and Ms. Huan was senior analyst, according to a Salient spokeswoman.
"Salient facilitated the highly amicable transition of its quantitative team and strategies to BNY Mellon's platform," said John Blaisdell, Salient's chairman and CEO, "as (Salient) pivoted its business to focus on investing in two core areas: real assets — energy and real estate — and tactical alternatives."
BNY Mellon Asset Management North America had a total of $549.8 billion in assets under management as of June 30.