The bank will provide depositary, fund administration, and middle office and investor services for assets valued at €800m ($889m).

“BNY Mellon came out first in our due diligence process in which we looked for a global service provider that could support the needs of our long short products which are invested in a variety of markets and which use a range of prime brokers,” said Patrick van de Laar, chief operating officer for both firms.

BNY Mellon will support three existing Dutch funds in addition to the future launch of new investment products, such as Cayman or Ucits funds, on behalf of the two managers, which share an operational platform.

“We have worked closely with Saemor Capital and Pelargos Capital on the development of a robust operating model that encompasses transfer & registrar services, middle office outsourcing, fund accounting and Dutch depositary services,” said Leonique van Houwelingen, country executive for the Netherlands at BNY Mellon.

"Our local market expertise combined with our ability to draw upon our various operational centres of excellence around Europe offer very real benefits."