Sunday, 5 July 2015
Last updated 1 day ago
Jan 24 2007 | 11:24am ET
The Bank of New York has crossed the $100 billion threshold in hedge fund assets under administration, it said today. Just five years ago, the bank had just $16 billion under administration.
Last year alone, the bank saw its hedge fund assets jump 41%, and, “with institutional demand expected to triple by 2010, we are uniquely positioned to serve this burgeoning industry,” according to Executive Vice President Brian Ruane. BoNY attributes the increase to rapid growth in its fund of funds, multi-strategy and European-based clients.
Along with asset growth, the bank has also seen an increase in average fund size and in the number of fund structures serviced.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…