Tue, Apr 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

BNY Mellon named largest alternative UCITS administrator

Thursday, August 09, 2012
Opalesque Industry Update - BNY Mellon, the global leader in investment management and investment services, has seen its Alternative Investment Services (AIS) business named as the largest global administrator of alternative UCITS funds in the second annual administration survey by Absolute UCITS publication.

This is the second year that AIS, a leading hedge fund service provider, has claimed the top spot with $26.7 billion in alternative UCITS assets under administration across 29 funds (as of January 2012). AIS’s alternative UCITS assets surged 70%, or $11 billion, from January 2011, continuing the growing demand for solutions that the company has seen over the last few years. Since 2008, BNY Mellon’s AIS business has more than doubled total alternative assets under administration and custody to over $525 billion.

UCITS funds have proven to be increasingly attractive to investors due to their transparency, liquidity and regulatory oversight. As such there has been a significant rise in the number of alternative UCITS funds launched in the last year with managers needing to find an administrator that has both the capabilities and experience to meet the increasing regulatory demands.

Marina Lewin, managing director at BNY Mellon Alternative Investment Services, said: “Managers remain under pressure to deliver concise and transparent information to investors against a backdrop of both ongoing volatility and regulatory uncertainty. As a result, hedge funds continue to look to a third party fund administrator they can trust and which can offer the flexibility and the depth and breadth of services to accommodate their individual tailored requirements.”

Press Release

bc

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. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic

  5. Opalesque Exclusive: Gold Sail diversifies into PE and real estate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The five Purdue University students who set up a hedge fund last year have become four and have diversified int