Fri, Jun 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Swiss Capital Alternative Investments AG appoints BNY Mellon for fund administration and custody services

Monday, January 11, 2010
Opalesque Industry Updates - BNY Mellon Alternative Investment Services has been appointed by Swiss Capital Alternative Investments AG, the Swiss-based company with $1.4bn of AUM, to provide fund administration and custody services for its Irish domiciled fund of managed accounts.

BNY Mellon Alternative Investment Services’ market-leading reputation as fund administrator for alternative investments was a major factor in winning the mandate, as well as its global strength, financial stability and experience. The company’s ability to offer value-added services such as banking facilities, custody, escrow and liquidity services allows the client to focus on their core activity of fund raising, investing and managing their portfolio as opposed to finding and managing a number of service suppliers.

Marcel Schindler, senior partner and Head Products, at Swiss Capital AG, said: “We selected BNY Mellon to provide services following a competitive review. BNY Mellon has considerable expertise in both corporate trust and alternative investment services and their ability to combine these demonstrated their capability in servicing this deal.”

Brian Ruane, Chief Executive Officer of Alternative Investment Services at BNY Mellon, said: “Winning this significant piece of business underscores our recent success in growing our investment management and financial advisory customer base. Our comprehensive portfolio of services allows companies to generate efficiencies from streamlining and consolidating their custody and operational functions." www.bnymellon.com.

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Comment: For emerging market debt, a sustainable recovery[more]

    Matthias Knab, Opalesque: Standish Mellon Asset Management Company writes on Harvest Exchange: After several difficult years, the outlook for emerging market debt (EMD) denomin

  2. J.P. Morgan Global Alternatives raises distressed shipping fund[more]

    From Institutionalinvestor.com: J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies. The firm, which has been investing in maritime for more than a decade, initially targeted $400

  3. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  4. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  5. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is