Fund Managers Select BNY Mellon For AIFMD Services

Saemor Capital and Pelargos Capital have appointed BNY Mellon to supply AIFMD depositary, fund administration, investor and middle office services.

In addition to supporting the launch of new investment products, such as Cayman or UCITS funds, BNY Mellon will assist with three existing Dutch funds.

“We looked for a global service provider that could support the needs of our long short products which are invested in a variety of markets and which use a range of prime brokers,” says Patrick van de Laar, chief operating officer for both firms.

“We have worked closely with Saemor Capital and Pelargos Capital on the development of a robust operating model that encompasses transfer & registrar services, middle office outsourcing, fund accounting and Dutch depositary services,” says Leonique van Houwelingen, country executive for the Netherlands at BNY Mellon.