BNY Mellon has introduced a new liquidity administration service for funds of hedge funds (FOHF) and pension funds.

Clients across BNY Mellon’s alternative fund administration and traditional custody segments will be able to have access to enhanced liquidity monitoring, reporting and analysis, in addition to advanced portfolio modelling capabilities.

“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 modelling, and greater transparency – all much sought after by both fund of funds managers and institutional clients with a large alternatives allocation.”

The new solution is aimed at existing FoHF clients that 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. 

Clients will be able to access the new service via the BNY Mellon Connect portal. The new service is fully integrated with BNY Mellon’s FoHF custody and accounting systems, which helps to streamline trade execution instructions.