Wednesday, 17 September 2014
Last updated 10 min 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."
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…
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