Wednesday, 1 April 2015
Last updated 8 min 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…