July 25, 2011

BNY Mellon Alternative Investment Services Named largest UCITS Administrator

London, July 25, 2011 — BNY Mellon Alternative Investment Services (AIS), a leading hedge fund service provider, has been named the largest global administrator of alternative UCITS funds in the inaugural administration survey by the Absolute UCITS online publication.

BNY Mellon administers nearly $16 billion of alternative UCITS assets for 22 funds as of January 2011. It has seen growing demand for its UCITS services in 2011 and expects this trend to continue as alternative managers seek to expand their distribution potential and address investor concerns regarding liquidity and transparency.

Since 2008, BNY Mellon AIS has doubled its total alternative assets under administration to over $450 billion, fuelled by growing momentum in hedge funds outsourcing their administration, and the acquisition of PNC's Global Investment Servicing business in July 2010.

Absolute UCITS, published by HedgeFund Intelligence, provides dedicated global editorial and data coverage on hedge funds using UCITS wrappers.

"The evolving regulatory environment and trends in investor requirements are encouraging hedge funds providers to launch new UCITS products, and in many cases to refashion existing funds into the UCITS framework," said Marina Lewin, managing director, BNY Mellon Alternative Investment Services. "Investors are looking for enhanced transparency, liquidity and risk reporting from UCITS products. Our depth of alternative investment administration experience, coupled with our continuous product and technological innovation, means we are ideally placed to deliver the timely, in-depth information which managers need to deliver on these objectives."

BNY Mellon Alternative Investment Services, a leading fund administrator of alternative assets including single manager hedge funds, funds of hedge funds and private equity, has over $450 billion of assets under administration and custody and an extensive global presence. In addition to administration and custody services, we offer cash management, foreign exchange, collateral management, corporate trust and wealth management to the alternative investment industry.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com and through Twitter @bnymellon.