BNY Mellons Alternative Investment Services (AIS) business has seen a stellar year for alternative UCITS assets, with AUC surging 70%, or $11 billion, since January 2011.
BNY Mellon said the surge reflects the growing demand for solutions that the company has seen over the last few years as UCITS funds have proven to be increasingly attractive to investors due to their transparency, liquidity and regulatory oversight.
Since 2008, BNY Mellons AIS business has more than doubled total alternative assets under administration and custody to over $525 billion.
Marina Lewin, managing director at BNY Mellon AIS, said: Managers remain under pressure to deliver concise and transparent information to investors against a backdrop of both ongoing volatility and regulatory uncertainty. As a result, hedge funds continue to look to a third party fund administrator they can trust and which can offer the flexibility and the depth and breadth of services to accommodate their individual tailored requirements.
(JDC)