Thursday, 18 December 2014
Last updated 16 hours ago
Apr 1 2008 | 10:43am ET
The Bank of New York Mellon’s Alternative Investment Services business has topped $200 billion in assets under administration. The firm says the milestone in its hedge fund administration business reflects the rapid global growth in the firm's servicing of funds of hedge funds and multi-strategy hedge funds.
In the last five years, The Bank of New York Mellon has grown hedge fund assets under administration from $30 billion to $200 billion and last year posted a 94% increase in assets under administration.
"We estimate more than half of all money flowing into hedge funds through 2010 will come from institutional investors, at which point global institutional assets in hedge funds will exceed $1 trillion,” said Brian Ruane, executive vice president of The Bank of New York Mellon. “Retirement plans will account for about two-thirds of these asset flows."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.