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BNY Mellon launches liquidity admin service
04 December 2013
Targeted at fund of hedge funds and pension schemes
fund of hedge funds
BNY Mellon has introduced a new liquidity administration
service for funds of hedge funds (FOHF) and pension
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
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.