Mon, Sep 26, 2016
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. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  2. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  3. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L

  4. Hedge funds saw four consecutive months of outflows in August, but assets still up by $17.6bn YTD[more]

    Komfie Manalo, Opalesque Asia: Hedge funds witnessed four consecutive months of outflows with investor redemptions totaling $23.8bn as of end of August, data provider Eurekahedge said in its monthly report. But total hedge fund assets grew by

  5. Trend reversals lead to losses as managed futures drops 1.52% in August[more]

    Komfie Manalo, Opalesque Asia: Trend reversals in August have led managed futures traders to lose 1.52% last month according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.62% year to dat