Monday, 22 September 2014
Last updated 2 hours ago
Jun 19 2013 | 9:09am ET
The Bank of New York Mellon remains the largest administrator to funds of hedge funds, according to a biannual survey.
HFMWeek found that BNY's fund of funds assets under administration rose to $133.4 billion as of the end of April, a 2% increase from six months earlier. BNY administers more than 12% of the $1.085 trillion managed by funds of hedge funds.
"Funds of hedge funds are seeing the way forward and adjusting their business model to gather new assets," said Marina Lewin, global head of sales for BNY Mellon's alternative investment services business. "Our recent survey of major FoHF players shows how they're adapting to market changes and creating growth opportunities, whether through separate accounts for institutional investors, advisory services, or exploring regulated funds. We'll continue to help guide them through the hurdles."
HFMWeek surveyed 63 administrators for the ranking.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.