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SPECTRUM closes in Asia after being “100% clear” about near-term prospects

After embarking on a two-year journey to push to private banks in Asia the empowerment separately managed accounts (SMA) platform can bring to servicing HNWIs, BNY Mellon Investment Management has decided to shut down the unit altogether in the region. “We were 100% committed to success until it became 100% clear that the potential returns were too far in the…

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