Wednesday, 6 May 2015
Last updated 8 min 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."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…