Provides improved liquidity monitoring and analysis, advanced portfolio modeling; Latest product offering focused on needs of asset managers and asset owners
BNY Mellon, the global leader in investment management and investment services, has introduced a new liquidity administration service as part of its fund of hedge funds (FoHF) offering. The service will provide clients across BNY Mellon's alternative fund administration and traditional custody segments with enhanced liquidity monitoring, reporting and analysis, plus advanced portfolio modeling capabilities.
The new solution is aimed both at existing FoHF clients who use ad hoc or manual processes for liquidity administration as well as public or corporate pension plans that require more sophisticated analytics and monitoring of their alternative investments portfolio.
Clients will have access to the liquidity application via the BNY Mellon Connect™ portal. The new service is fully integrated with the company's FoHF custody and accounting systems, which helps to streamline trade execution instructions. Among its key features, the service enables clients to forecast redeemable investment amounts through "what if" analyses, along with information on notice periods, lock-ups, and cash settlement and redemption fees by investment.
"Many organizations perform their own liquidity analysis through vendor software, internal applications, or manually," said Alan Flanagan, BNY Mellon global head of product management for alternative investment services. "Being able to outsource liquidity administration offers clients more comprehensive analysis, improved scenario modeling, and greater transparency – all much sought after by both fund of funds managers and institutional clients with a large alternatives allocation."
BNY Mellon is a leading administrator of alternative assets, including single manager hedge funds, funds of hedge funds and private equity, with more than $600 billion of alternative assets under administration and/or custody and offices worldwide. BNY Mellon also offers a wide range of cash management, foreign exchange, collateral management, corporate trust, and wealth management services to the alternative investments industry.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2013, BNY Mellon had $27.4 trillion in assets under custody and/or administration, and $1.5 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).