Thursday, 28 August 2014
Last updated 5 hours ago
Sep 26 2007 | 11:33am ET
The Bank of New York Mellon is looking to catch the 130/30 wave without actually launching a fund. The firm has introduced the first platform that provides complete support to managers of 130/30 strategies.
The bank and its subsidiary, Pershing LLC, are offering managers a 130/30 platform as a result of enhancements made to the prime brokerage capabilities at Pershing. Through this new platform, the bank can provide 130/30 managers with a range of prime services, including securities lending, execution and financing, and asset servicing capabilities such as custody, fund accounting and administration and collateral management.
“We are bringing to the market a full suite of integrated services and financing functions needed to manage eligible 130/30 funds such as limited partnerships, 40 Act Funds, hedge funds and separately managed accounts,” said Gerald Hassell, president of the firm.
The Bank of New York Mellon currently has more than $20 trillion in assets under custody and administration and more than $1 trillion in assets under management.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...