BoNY Mellon Unveils New Credit Fund Service

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."

 


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.