Monday, 24 April 2017
Last updated 2 hours ago
Aug 10 2012 | 1:14pm ET
For a second consecutive year, BNY Mellon’s Alternative Investment Services is the world’s largest administrator of UCITS funds, according to a survey by Absolute UCITS.
AIS had $26.7 billion in alternative UCITS assets under administration across 29 funds as of January 2012. The figure represents a 70% increase in its UCITS AUM from January 2011.
Marina Lewin, managing director at BNY Mellon AIS, said in a statement: "Managers remain under pressure to deliver concise and transparent information to investors against a backdrop of both ongoing volatility and regulatory uncertainty. As a result, hedge funds continue to look to a third party fund administrator they can trust and which can offer the flexibility and the depth and breadth of services to accommodate their individual tailored requirements."
Absolute UCITS is published by HedgeFund Intelligence.
AIS has over $525 billion of assets under administration and custody.