BNY Mellon has been awarded Best Administrator – overall, and Best Administrator – over US$30 billion single manager, at the HFM Hedge Fund Asia Services Awards 2019. The awards aim to recognize and reward hedge fund service providers who have demonstrated exceptional client service, innovative product development and strong sustainable business growth over the past 12 months.
“We are very proud to be recognized by HFM Hedge Fund Asia Awards in these two categories. Over the years, the business has worked diligently to deliver alternative investment services that go well beyond accounting and administration, offering a dynamic service model with global expertise, scalable technology and integrated investment servicing capabilities at its core – putting the client at the center of everything we do,” said Mark Nelligan, Managing Director and Head of Alternative Investment Services and Structured Products for Asia Pacific, BNY Mellon. “With increased investor, regulatory and competitive pressures, hedge funds need more than just an administrator and custodian to safeguard their assets, but also a trusted partner who can help alleviate the reporting burden, improve operational efficiency, mitigate risk and provide insights through big data.”
“A unanimous choice among judges in the Best Administrator – overall and Best Administrator - over US$30 billion single manager categories. In a year which saw BNY Mellon greatly increase its APAC hedge fund mandates and assets under administration, judges also noted strong testimonials and peer recognition as an indicator of high performance,” said Matt Smith, Editor, HFMWeek.
BNY Mellon is one of the largest third-party administrators globally and remains committed to being a leading provider of hedge fund administration services. Currently, BNY Mellon supports over 580 clients globally with over US$1 trillion of alternative assets under administration and/or custody.
BNY Mellon was ranked number one in total alternative fund assets under administration and number one in hedge fund assets under administration in the 2017 Mutual Fund Service Guide. Learn more about BNY Mellon products and services in this space.
About BNY Mellon
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. As of December 31, 2018, BNY Mellon had US$33.1 trillion in assets under custody and/or administration, and US$1.7 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). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.