HONG KONG, 23 March 2012 — BNY Mellon's Alternative Investment Services (AIS) division has received top industry recognition in the 2012 Hedgeweek Awards in London, winning the Best Asian Hedge Fund Administrator Award.
The awards were determined by the votes of Hedgeweek's 41,000 subscribers, who include individual and institutional investors as well as fund managers and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, consultants and advisers. In announcing the winners, Hedgeweek said the 2012 awards "honour the resilience of the industry as it copes with a succession of financial and economic upheavals that began nearly five years ago, and that have ultimately contributed to its manifestly increased maturity and professionalism."
"We see the bar being raised each year amongst hedge funds who are turning to their fund administrators to develop increasingly innovative solutions to meet their evolving regulatory and investor requirements, particularly around prime custody and middle office outsourcing," said Andrew Gordon, Head of BNY Mellon's Alternative Investment Services in Asia-Pacific. "These results, voted for by the industry, validate the investments we are making and the emphasis we place on getting it right for our clients."
BNY Mellon Alternative Investment Services — a leading service provider for alternative assets, including single manager hedge funds, funds of hedge funds, and private equity — has more than $450 billion of assets under administration and an extensive global presence, including locations in Bermuda, the Cayman Islands, Guernsey, Hong Kong, Ireland, Japan, Luxembourg, Poland, Singapore and the United Kingdom, as well as U.S. offices in five states. In addition to alternative asset administration, BNY Mellon offers a wide range of cash management, foreign exchange, collateral management, trust, operational outsourcing and custody services 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 $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.