Focused Investors has selected Mellon Financial to provide custody and back-office services, including accounting and monthly fund valuations, performance measurement and client statements.

"Start-up investment managers such as Focused Investors are finding it increasingly cost-effective to outsource back-office functions so they can concentrate on investment decisions, where they are able to add the most value for their clients," said James P. Palermo, Mellon chairman and head of asset servicing.

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