Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

Read More Industry News >

BNY Mellon Named Largest FoHF

Jan 29, 2013
Jing Chen

BNY Mellon has been named the largest fund of hedge funds administrator in HFMWeek’s bi-annual administrator survey. 

BNY saw its FoHF assets under administration increase $20 billion to $130.6 billion in the six months ending October 2012, according to a statement released Tuesday.

Marina Lewin, the global head of sales for BNY’s alternative investment unit, said that the growth can be attributed to “outsourcing as funds of hedge funds continue to strengthen their operational infrastructure.”

Lewin also added that the firm’s “ability to be a full service provider to FoHFs – which have expanded their products, services and distribution channels – has proven an effective differentiator.”

With operations in 36 countries, BNY Mellon has $26.7 trillion in assets under custody and administration and $1.4 trillion in assets under management.

Source: 

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More