Boston MA, Pittsburgh PA, San Francisco CA
Founded 1933
Assets Under Management $152.0 billion* (6/30/08)

One of the nation's largest fixed income specialists, Standish Mellon Asset Management offers a broad array of domestic and international fixed income portfolio management services, including fully integrated stable value management, indexation and insurance client strategies. Our investment approach combines proprietary fundamental research, quantitative tools and macroeconomic analysis, along with rigorous risk control techniques. Our consultative approach, customized client solutions and excellence in client service are hallmarks of our firm.

We believe superior investment results can best be achieved through:

• Customized client solutions that incorporate guidelines, benchmarks, risk tolerances and strategies tailored to specific client objectives.
• A balanced approach to identification of investment value that capitalizes on market inefficiencies, using both qualitative judgments and quantitative analysis.
• Global fundamental proprietary research that uncovers multiple sources of alpha
• Process discipline and well-defined roles that produce clarity, accountability and consistency.
• A dynamic team approach that allows the best ideas to surface through the interaction of seasoned professionals.
• Minimization of uncompensated risk at each stage of the investment process.

The investment process is founded on proprietary macroeconomic, quantitative and bottom-up research. The investment strategy teams leverage this research to determine optimal portfolio positioning related to sector and industry allocation, duration and yield curve exposure, and where applicable, regional/country allocation and currency positioning. Dedicated portfolio managers within each strategy team determine portfolio structure and security holdings based on the positioning decisions, recommendations by the security research teams, client objectives and guidelines, and portfolio risk analysis. These decisions are executed by traders, who ensure consistency within the strategies and compliance with investment guidelines.

*Includes assets managed by Standish personnel acting as dual officers of the Dreyfus Corporation or The Bank of New York Mellon.