van Biema Value Partners, an SEC-registered investment adviser, has selected BNY Mellon to provide global custody, fund administration, foreign exchange and cash management services for a new fund of hedge fund strategy launched.
"BNY Mellon demonstrated its ability to deliver a solution specifically designed for our unique needs," said Steve Bondi, chief operating officer of van Biema Value Partners. "The strength of its client service team and the flexibility of the product offering made BNY Mellon the best choice for us."
"An additional benefit provided by BNY Mellon that is valued by van Biema Value Partners is our platform's ability to service both the asset manager and the our global institutional clients or asset owners," said Bill Phinney, managing director of BNY Mellon's complex accounting and administration group. "Our platform also enables hedge funds to provide transparency to their institutional clients, an increasingly important capability in the current investment climate."
SEC-registered van Biema Value Partners specializes in creating portfolios of small, deep value-oriented hedge funds for sophisticated investors around the globe.