BNY Mellon Asset Servicing has introduced a new suite of alternative investment services for plan sponsors and not-for-profit institutional investors.
The new services enable clients to better process, manage, account for, and analyze alternative investments, reducing the large administrative effort often associated with this challenging asset class.
Through its alternative investment services business, The Bank of New York Mellon also provides a wide range of administration services to hedge funds, funds of hedge funds and private equity assets. In addition to hedge fund administration, the company offers a wide range of accounting, cash management, collateral management, custody, asset management and wealth management services to the hedge fund industry.
Eve Kingsley, first vice president and product manager at BNY Mellon, said: With growing allocations to private equity, hedge funds, and other limited partnerships, along with greater regulatory scrutiny, these new capabilities will ease the burden on investors dealing with this labor intensive asset class.