The Bank of New York announced today that it has been selected by NuVerse Advisors LLC as fund administrator for its newly established alternative investment vehicle, the S3 Global Macro Fund LTD.
NuVerse Advisors LLC is an investment management firm that provides high-net-worth individuals and institutions with personalized wealth management and financial advisory services.
“We are pleased that NuVerse Advisors has chosen The Bank of New York to service its hedge fund product,” says Jeffrey Bieselin, senior vice president, The Bank of New York. “Our experts will work closely with NuVerse to understand their requirements and develop the solutions they need to deliver more value to their clients.”
Dov Schlein, a managing partner at NuVerse Advisors LLC, added: “After a thorough evaluation process, we selected The Bank of New York to provide fund administration services because of its long-term commitment to the overall fund servicing business. We were impressed with the expertise of the Bank’s staff and the range of services they offer for the hedge fund industry.”