Tuesday, 23 September 2014
Last updated 2 hours ago
Nov 20 2008 | 8:55am ET
The Bank of New York Mellon has launched an enhanced credit fund service for alternative investment managers that combines loan administration, fund administration and investor services in one platform.
The new service combines offerings from BoNY Mellon's Alternative Investment Services and Global Corporate Trust businesses.
The company currently provides hedge fund administration services to more than 130 clients and 700 funds with total assets under administration or more than $200 billion. In addition, its global corporate trust business services $12 trillion in outstanding debt from 56 locations around the world covering all major debt categories, including corporate and municipal debt, mortgage-backed and asset-backed securities, collateralized debt obligations, derivative securities and international debt offerings.
"In today's turbulent credit markets, investment managers need a trusted and experienced partner to mitigate potential risks and provide an integrated administration solution for funds designed to capitalize on certain market conditions,” said David Aldrich, managing director of Alternative Investment Services at BoNY Mellon in Europe. “As a leading provider of both loan and hedge fund administration services, we are able to offer a bundled credit fund service which will fulfill the manager's needs holistically."
Sep 22 2014 | 4:15pm ET
I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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.